Prepare For Closing
Homebuyers need to prepare for the closing and foresee problems that could arise at closing time. Real estate closing in the Rochester, NY area generally take place at the lender’s attorney’s office. Sellers can and usually do sign papers in advance and don’t come to the actual closing. The buyer has to come in order to sign the mortgage documents. They will be accompanied by their attorney. Professional buyer’s agents should attend closings with their buyer clients should monitor the process leading up to the closing and should in Geraldo what has to be done to ensure a smooth transaction. The buyer needs to make sure:
- They have the Insurance binder and paid receipt.
- They sign up for gas and electric service, phone, cable, water and refuse removal and arrange for utility meter reads.
- They conduct final walk-through inspection.
- The review the preliminary closing statement.
- They know what items need to be brought to closing:
- Cashier’s check payable as per their attorney’s instructions.
- Their driver’s license or other photo ID.
- The original insurance binder and paid receipt.