Step 11: What to Expect on Closing Day

Closing Day Is Finally Here

After weeks of preparing, signing papers, and waiting, you are finally at the finish line. It is closing day—the day you officially become a homeowner. This is one of the most important days in the homebuying process, and it is perfectly normal to feel excited and nervous at the same time.

So, what should you expect on closing day? This guide will walk you through everything you need to know. From signing the final documents to getting the keys to your new home, we will help you feel confident and ready.

Who Attends the Closing?

The people who attend your closing may vary depending on where you live and how your state handles real estate transactions. Most closings include:

• You, the buyer
• The seller (or just their signed documents)
• Your real estate agent
• The seller’s real estate agent
• A closing agent or escrow officer
• A notary
• Your lender or their representative (sometimes)

If you are buying in a state that uses attorneys for closings, a real estate attorney may also attend.

What to Bring on Closing Day

Here is your closing day checklist so you do not forget anything important:

• A valid photo ID (like a driver’s license or passport)
• A cashier’s check or proof of wire transfer for your closing costs and down payment
• Any documents your lender or agent told you to bring
• Your checkbook (in case of small last-minute costs)
• The Closing Disclosure your lender gave you at least three days before
• A calm, confident mindset—you have made it this far!

What Happens at Closing?

Let’s go step by step so you know what to expect on closing day.

1Verify Your Identity

You will show your ID to confirm who you are. This is a standard legal step.

2Review and Sign Final Documents

This is the biggest part of closing. You will sign several important documents, including:

• The Closing Disclosure – a breakdown of your loan terms, interest rate, and closing costs
• The Promissory Note – your agreement to repay the mortgage
• The Mortgage or Deed of Trust – gives the lender a legal claim to the property until the loan is paid off
• The Warranty Deed or Title – transfers ownership from the seller to you
• Tax forms and disclosures required by law

Take your time reading the documents. Ask questions if anything is unclear. This is your right as a buyer.

3Pay Your Closing Costs

Most buyers pay their down payment and closing costs through a wire transfer. Sometimes a cashier’s check is allowed. You should already know the amount from the Closing Disclosure you received earlier.

Closing costs usually include:

• Loan origination fees
• Appraisal and credit report fees
• Title insurance and settlement fees
• Recording fees and transfer taxes
• Prepaid property taxes and homeowners insurance
• Any points you paid to lower your interest rate

Your lender will let you know exactly how much to bring.

4Title Transfer and Recording

After you sign the documents and pay what is required, the title company or closing attorney will record the deed with the county. This step makes the home legally yours.

5Get the Keys!

Once the title is recorded and the funds are distributed, the home officially belongs to you. Your real estate agent or the seller’s agent will hand you the keys—or arrange for delivery if you are closing remotely.

Congratulations, you are now a homeowner!

Tips for a Smooth Closing Day

Here are a few things to keep in mind:

1Confirm the Closing Time and Location

Make sure you know where and when your closing is scheduled. Some closings are remote, while others require you to show up in person.

2Triple Check Your Closing Disclosure

Compare the final Closing Disclosure to the Loan Estimate you got earlier. If anything looks different, ask why. You have the right to clear answers.

3Watch for Wire Fraud

Always confirm wiring instructions directly with your title company by phone. Scammers sometimes send fake emails. Do not wire money unless you are 100 percent sure.

4Ask Questions

Do not be afraid to speak up. Your real estate agent, lender, or closing agent is there to help you understand what you are signing.

5Expect It to Take an Hour or More

Closing is not a 10-minute task. Plan for at least an hour, sometimes longer if you are asking a lot of questions (which is okay!).

What If You Cannot Attend in Person?

If you cannot attend the closing, talk to your lender and closing agent in advance. You may be able to:

• Do a remote online closing (available in many states)
• Sign via Power of Attorney
• Use a mobile notary who comes to you

Closing in a Community Property or Spousal State

In some states, your spouse must attend or sign paperwork—even if they are not on the loan. This depends on local laws and marital status. Ask your lender or attorney in advance.

Need Help or Have Questions?

Buying your first home can feel overwhelming, but you are never alone. If you have questions about closing or anything else in the homebuying process, reach out to us anytime. We are here to guide you every step of the way.