The Closing
- Introduction
- Before the Closing
- Home Inspection
- Sample Closing Costs for Items Paid by Buyer
- The Closing Timetable
- Loan Closing Checklist
- Tax Documentation
Introduction
The closing is when your real estate deal is finalized. Your attorney will verify that everything is in order, and you will sign a large quantity of documents, which your attorney will explain to you.
There are a number of items you will need to take care of before the closing. An important one is the home inspection, which you will pay for; it is your chance to discover any serious hidden problems with the property, which may lead to an adjustment in the purchase price. There will be certain closing costs which you will also pay for, either before or at the closing itself. Keep good records of all closing costs for the purpose of tax documentation.
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Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.