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What Do I Need to Bring To Closing and Why Do I Have to Wire the Funds

By Toni Weidman

Real Estate Agent with Sailwinds Realty

June 22, 2011 06:09 AM

The sellers and buyers always ask (after the inspections, and appraisals are done): What do I need to bring to closing?

The Sellers want to know if they need to bring their deed, title policy, insurance policy?

1. Bring some form of photo i.d. (license works) for notarizing.
2. Don’t bother bringing your deed-a new one is issued to the buyer.
3. Bring any trust agreements-must be originals because they have to be

ecorded with the deed.

4. It’s not necessary to bring the title insurance policy since a new one is issued.
5. If you have any appliance manuals, etc. please bring those for the buyers.
6. Bring keys, garage door openers, any thing that provides access to the property.

7. After the closing, you will need to call your insurance company and cancel your insurance on the home. Do not do this prior to closing.

What do the buyers bring?

1. Bring some form of photo i.d.

2. Bring your game arm for signing if you are getting a loan-lots of paperwork.

And be sure to bring whatever documents your lender may have asked for.
3. Usually, the earnest money deposit is at the Title Company or your agent’s

office, and they will bring it.

4. Your new home (and flood insurance, if you need it) insurance binder. Your insurance company can fax or email it to the title company or you can bring it with you.

5. ***These days, the cash that you need to bring to closing (your down payment) is usually wired-in the day previous to closing. flying money

This is an important change from the days of bringing a cashiers or bank check.

Title companies have been badly burned in the past few years by counterfeit bank checks, and will no longer accept them at closing. Wiring the funds directly to the Title company account will guarantee funding of the closing: without funding-we can only do what is termed a dry closing: All papers are signed but no money is disbursed. And, usually no keys or possession of the home happens until the funds are disbursed.

And be sure to bring whatever documents your lender may have asked for.

Also, bring a healthy dose of patience and your sense of humor. Closings can take 2-3 hours these days if there is a loan involved.

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Karen Hawkins, MBA - Langley & Surrey, BC

Royal Pro Real Estate Network - Langley, BC

Toni - what a wonderfully comprehensive (yet concise) list - I've bookmarked this for future reference, as it provides both buyer and seller with very valuable info! A sense of humor (and patience) is a "must have"! :-)

Jun 22, 2011 06:40 AM

Toni Weidman

Sailwinds Realty - Trinity, FL

20+ Years Selling Homes in New Port Richey, FL

Thank you, Karen. They are definitely must haves these days!

Jun 22, 2011 06:50 AM

Joni Bailey

101 Main St. Realty - Huntsville, TX

Your Huntsville / Lake Livingston Area REALTOR®

Wowzers! Closings take 2 to 3 hours?! Oh man. Only if things go wrong do they take that long here. A two hour closing is considered LONG! Praising the Lord for that!! :O)

Jun 22, 2011 08:46 AM

Usually, Joni, it's waiting for the funding #s or bank approval of the signed docs that takes forever.

Jun 22, 2011 08:54 AM

Bill & Cyndi Daves

Hiawassee, Young Harris, Blairsville, Hayesville, Murphy and Beyond! - Hiawassee, GA

TeamDAVES - Your REALTORS In the GA/NC Mountains!

Great information Toni. Like Joni though, our closings are short and sweet. Sellers sign, then buyers sign, then they record and hand over checks and keys in about an hour.

Jun 22, 2011 11:09 AM

Really, even with the new loan packages? I wonder why ours take so long.

Jun 22, 2011 11:12 AM

Lora "Leah" Stern 914-772-4528

Coldwell Banker, 170 N Main Street, New City NY 10956 - New City, NY

Real Estate Salesperson

Toni, the closings in my neck of the woods take 2-3 hours too and that's without any serious issues coming up. I think its the funding and the final HUD that take forever.

Jun 22, 2011 11:15 AM

Thanks, Leah, I was beginning to wonder what was happening. It is waiting for a funding number and the final doc approval that takes time.

Jun 22, 2011 11:38 AM

Dale Baker

Baker Energy Audits and Commercial Properties Inspections - Claremont, NH

New Hampshire Relocation Real Estate Information

Howdy and evening to you Toni

Toni, you sure have gave Sellers and Buyers a mighty fine list to follow, so they know what to bring to on closing day with them. Some closings it sure does help folks to bring their sense of humor with them.

Have a good one
Dale in New Hampshire

Jun 22, 2011 03:32 PM

Jerry Newman

Brown Realty, 210-789-4216, - San Antonio, TX

Texas REALTOR, San Antonio Military Relocation

Hi Toni, First let you complement you on your blog signature block. It is one of the Best Ones I have seen. Thanks to Leah, I came over to personally thank you for this great list for sellers and buyers, so they can be prepared for the closing on their homes.

Jun 22, 2011 04:22 PM

MichelleCherie Carr Crowe .Just Call. 408-252-8900

Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA

Family Helping Families Buy & Sell Homes 40+ Years

Nicely put together list for both buyers and sellers closings.

Jun 22, 2011 04:24 PM

One more IMPORTANT item for Sellers' to bring to closing - the bank account information they want their funds wired to!

Jun 22, 2011 04:25 PM

Dorie Dillard Austin TX

Coldwell Banker Realty ~ 512.750.6899 - Austin, TX

NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Toni,

Great list for both buyers and sellers. Our closings do not take that long even if the buyer has 2 loans. We make sure the buyers can read all their documents ahead of time so they can direct any questions to their loan officer....coming to closing is meant for signing!! 1 hr maximum..if it goes over that its a very unusual closing and has problems :)

Jun 23, 2011 12:46 AM

Dale - sure does help (us too).

Jerry - thank you. Good to meet you!

Michelle - you are right-thank you for the addition.

Dorie - we seldom get the docs more than a couple of hours prior to closing these days so don't have time to go over them. I love to go over th HUD prior to closing but lately that doesn't happen.

Jun 23, 2011 07:20 AM

What Do I Need to Bring To Closing and Why Do I Have to Wire the Funds

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