Curious about what happens during closing? Learn what to expect when signing the final documents and making your home purchase official in Fort Myers, Florida.
Many homebuyers are excited—but also a little nervous—about what happens during closing. This final step in the home-buying journey can feel a bit mysterious, especially if it’s your first time. Understanding what happens during closing will give you confidence and peace of mind as you walk into your appointment. Let’s break down what happens when it’s time to finalize the transaction.
Buyers: What You’ll Be Signing
As a buyer, you’ll be signing several key documents. These include:
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Promissory Note & Mortgage Agreement: These documents outline your commitment to repay the loan.
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Deed of Trust: This secures the loan against the property.
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Title Documents: You’ll receive ownership rights once signed.
Sellers: What You’ll Be Signing
Sellers typically have fewer documents to sign. The most important are:
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Deed Transfer: This legally transfers ownership of the property to the buyer.
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Settlement Statement: This document reflects the sale price and any adjustments for closing costs, taxes, or credits.
What If You’re Not Physically There?
Not everyone can attend a closing in person. In cases where the buyer or seller is out of town, a “mail-away” or remote closing can happen. Documents are signed and notarized at a distance, and the title company manages the process.
Final Steps in the Process
Once all parties have signed their documents, the closing process moves into the final stages:
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Funding: If the buyer has a mortgage, the lender must approve the documents and release the funds.
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Deed Recording: The title company records the deed with the local county, officially transferring ownership.
Knowing what to expect during the closing process will ensure you’re fully prepared. Keep in mind, communication with your real estate agent and title company is key to staying on track and avoiding last-minute issues. With everything in place, you’ll be ready to take the next step in your homeownership journey.
Call Title Junction, LLC at (239) 415-6574 to close your real estate transaction feeling confident and safe with help from their professional title services.
Title Junction is a full service real estate title company serving the area of Fort Myers, Cape Coral and the entire state of Florida since 2005. The company handles a number of real estate title services for both commercial and residential properties.
Have questions? Give us a call at 239.415.6574.
In case you missed it, check out our last Title Junction post: Closing Day Checklist: What Buyers and Sellers Need to Bring and Do