What to Bring to the House Closing Table

The house closing process marks a significant milestone in a real estate transaction, representing the final step where property ownership officially transfers from seller to buyer. This event brings together various parties to finalize all legal and financial aspects of the sale. Ensuring a smooth and efficient closing requires thorough preparation, as specific documents and funds must be readily available. Being well-prepared for this meeting can help prevent delays and ensure a successful transition into or out of property ownership. This article guides readers on the specific items necessary to bring to a house closing.

Essential Identification and Legal Documents

Bring appropriate identification to the closing table. Government-issued photo identification, such as a driver’s license, state ID card, or passport, is necessary to verify your identity for notarization purposes.

A copy of the fully executed purchase agreement or sales contract is also important. This contract outlines the agreed-upon terms, conditions, and specific details of the real estate transaction. Having it available allows for quick reference regarding sale price, contingencies, and any special agreements made between the buyer and seller.

For buyers, several loan-related documents are essential. The loan commitment letter confirms the lender’s approval of your mortgage. You should also bring any final loan disclosures, particularly the Closing Disclosure (CD), which details all costs associated with your mortgage loan. It is important to review the CD thoroughly at least three business days before closing to ensure accuracy and understand all charges.

Proof of homeowner’s insurance is required for buyers. Lenders require an active homeowner’s insurance policy in place by the closing date. You should bring the declarations page or an insurance binder, which indicates coverage amounts and policy details, with the lender listed as an interested party or mortgagee. This ensures the property is protected against unforeseen events from the moment of transfer.

Sellers should consider bringing the original deed to the property if it is in their possession, although title companies or attorneys often handle this document directly. Sellers should also provide all keys to the property, including those for doors, mailboxes, and any outbuildings, along with garage door openers and alarm codes. Providing these items facilitates a smooth transition of occupancy for the new owners. Other pertinent legal documents, such as a power of attorney if someone is signing on your behalf, trust documents, or divorce decrees affecting property ownership, must be presented as original or certified copies if applicable.

Financial Preparations

Bring the correct funds in the appropriate format for closing. Buyers need funds for the down payment, if applicable, and various closing costs. These costs can include loan origination fees, appraisal fees, title insurance premiums for both the lender and owner, recording fees, attorney fees, and prepaid expenses such as property taxes and homeowner’s insurance. The total amount required will be detailed on the Closing Disclosure (CD) or settlement statement provided by the lender or closing agent.

The method of payment for these sums is specific. Personal checks are not accepted for large amounts due to clearing time and risk of insufficient funds. Instead, certified funds, such as a cashier’s check from a reputable financial institution, are required. Alternatively, a wire transfer initiated directly from your bank to the closing agent’s account is a common and secure method for transferring funds.

If using a wire transfer, verify the instructions directly with the closing agent or attorney. This verification should be done through a confirmed phone number, not by relying solely on instructions received via email, as wire fraud attempts are prevalent in real estate transactions. Confirming the recipient’s bank name, account number, and routing number verbally can prevent significant financial loss.

Reviewing the final Closing Disclosure or settlement statement several days before closing is important to confirm the exact amount of funds needed. This document provides a comprehensive breakdown of all credits and debits for both the buyer and seller, ensuring transparency in the financial transaction. It also allows time to address any discrepancies before the closing appointment. While major funds must be certified, it can be useful to bring a personal checkbook for any minor, last-minute adjustments or unexpected small fees that might arise during the closing process.

Practical Items for the Closing Table

Beyond essential documents and funds, several practical items contribute to a comfortable and organized closing experience. Bring several reliable pens, particularly those with blue ink, as many legal documents require original signatures in a distinct color for easier identification. Having your own pens ensures you have a writing instrument readily available for the numerous signatures required.

A notebook and pen are useful for jotting down notes, questions that arise during the meeting, or important information shared by the closing agent or attorneys. This allows you to keep track of details without relying solely on memory. A sturdy folder or briefcase is recommended for organizing and securely transporting all the documents you will receive at closing, such as the signed deed, loan documents, and settlement statements.

Ensuring your phone is fully charged, or bringing a portable charger, can be beneficial for communication or in case you need to access digital information. The closing process can sometimes extend longer than anticipated, and having a charged device allows for continued connectivity. Finally, bringing a small beverage or snack can provide personal comfort during what may be a lengthy meeting.