Are you purchasing a home in the North Myrtle Beach area and aren’t sure what to expect on the day of closing? We at North Beach Realty can help you with those questions of uncertainty that comes along when you buy or sell your home. Many want to know when their closing date will be and where will the closing take place? Anyone who may be buying a home for the first time generally have many questions to ask as they prepare to settle into their new life as a homeowner. Let’s look below at what you can expect on the day you close on your new home.
Where Will the Closing Take Place?
For many of our clients, we are often asked after an offer has been accepted is ‘Where will the closing take place?’ Closings are generally held at lawyers’ offices or they can be held at the title company that issued the title policy for the house. This is normally a very neutral place that has access to technology so the documents can be signed and verified. This can be a very neutral place that does have access to technology so the documents can be signed and verified. You will be told where the closing will be at by your real estate agent once a date is confirmed.
Who Will Be at the Closing?
We understand the importance of knowing who will be at the closing of your home. The buyers, sellers, lawyer, both Realtors will be at the closing. The mortgage lender may be there at the time of the closing so it can be a full table if everyone is there. Most times however it will be a small group at the time of the closing. There may be times where the buyers and sellers will go into the room at different times depending on the situation. If you have children, you can bring them along, but the process may be a little too long for the younger ones to sit through it.
What Will We Be Signing?
Many homeowners want to know what they will be signing on the day of closing and this is the important part. You’re closing documents will consist of the buyer’s packet and the seller’s packet. Most times the sellers will be the first to sign the paperwork as they normally have the least number of documents to sign. This process is the quickest of the whole day for everyone. Next up, it will be your turn to sign the documents. This is where you the buyer will go through each document and either initial or sign on the dotted line. During the time of signing your documents, you will also have to pay the closing costs too. While you are finishing up with signing, the funds will be verified and soon you will be on your way to your new home.
You will leave with your copy of the closing documents that you have just signed and the keys in your hands for your new home. If you are still on the hunt for a new home or vacation home in the North Myrtle Beach area, we’d love to help you find the one. And if you have just recently purchased a new home, congratulations and welcome to the area!