While the closing is an exciting time, it isn't uncommon for fear of the unknown to emerge.
Depending on the how the contract to close process is going, a date and time will be penciled in for the closing early on. Once there is a clear to close from the lender, the closing date and time are finalized.
For both buyers and sellers, it is important to either remove utilities or put utilities in your name prior to closing. If possible, try to do this a week or more before the closing date. The utilities to keep in mind include gas and electric, water, cable/Internet services, trash/recycling (as applicable), and alarm system (if there is one). Also, remember to change your address associated with any bill payments you have. Click here for the USPS Change of Address Form.
As a buyer, you will need to bring a form of identification (e.g. driver's license). Some closing attorneys will request a second form of identification, like a debit/credit card.
As a seller, you will need to bring a form of identification, all keys to the property, and garage door openers.
You will receive a closing statement prior to the day of closing that will let you know how much money will you receive or need to bring. The lending institution or closing attorney will let you know the form of payment that is required.
At the closing table, a closing attorney will facilitate the details of the transaction. In Kentucky, the closing typically occurs in the same room. The conversation usually involves an exchange of information about trash pick-up, neighbors, and any details regarding the neighborhood itself.
For closing day, it is best for buyers and sellers to be on time, or even a little early if possible.
Closing takes approximately an hour.
For any real estate needs, please give me a call.
Matt Gatewood
Realtor®
Keller Williams Louisville East
502-594-6582
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