Real Estate Closing: The Home Buyer’s Guide

Dated: September 20 2022

Views: 30

Purchase Agreement Acceptance: Next step is to schedule the applicable inspections.

  • General home inspection.
  • Pest control
  • Radon gas
  • Well water
  • Septic system
  • Oil tank

Submit a mortgage application to lock in the interest rate.

After the purchase agreement acceptance:

  • Take any photos and measurements of the property you need.
  • Submit home inspection issues to be remedied by the seller.
  • Work with your real estate professional to schedule a closing day.
  • Coordinate with your lender to schedule and conduct an appraisal.

Two weeks before closing:

  • Purchase a homeowner's insurance policy that takes effect at closing.
  • Get in touch with your lender to confirm that all necessary actions have been taken.
  • Submit address change to post office.

One Week Before Closing:

  • Obtain closing attorney information from agent if needed.
  • Contact utility companies to transfer services.
  • Request cashier's check or certified funds for closing.

Three Days Before Closing:

  • Obtain a HUD-1 Settlement Statement from the closing attorney.
  • Request copies of closing paperwork from the attorney.
  • Purchase title insurance if necessary.

A Day Before Closing:

  • Do a walk-through to verify the condition.
  • Review inspection letters to confirm that all "issues" have been addressed.
  • Assess the HUD-1 Settlement Statement to ensure that all terms are correct.

The Day of Closing:

  • Bring the following:
    • Government-issued photo ID.
    • Certified funds or cashier's check.
    • Proof of insurance.
    • Final purchase agreement.
  • Read and sign closing paperwork.
  • Pay your lender.
  • Get your keys and begin the move-in process.

Ask your realtor or attorney to explain all of the documents you will sign as there are upwards of 100 pages.

Under normal circumstances, you will receive the keys at closing. The closing process usually takes between 1-2 hours. The keys are given to you once the loan has been funded.


If you’re looking for a Realtor, or a real estate team that will represent your interest at every step of your property transaction NextHome Merrick Realty Group has a team dedicated to our sellers, buyers, and investors’ greatest interest.

Blog author image

Erica Riviere

I am the Social Media Coordinator for NextHome Merrick Realty Group in Coral Gables, FL.....

Latest Blog Posts

14601 SW 99 Ave. Open House

This Saturday we hope you'll join us for an open house at 14601 SW 99 Avenue Miami, FL 33176. Doors are open from 10 AM to 2 PM, to get a look at this spacious 5-bedroom home with a unique outdoor

Read More

What to Expect in a Home Appraisal

It’s here, you’re about to make the sale of your property. The lender in your property transaction will submit an appraisal request to their chosen appraiser, or use an appraisal

Read More

NextHome Merrick Realty Group and The CE Shop Want To Help Your NextStep

Working in real estate can be incredibly lucrative and fulfilling, but launching a successful business takes hard work. Set yourself up for success by taking advantage of our partnership with The CE

Read More

Getting Your Home Ready for an Appraisal

You have decided that you want to put your home up for sale, or you’ve decided to refinance. Now you’re being hit with the reality stick because you’re about to have an appraiser

Read More