--- title: How to Navigate Real Estate Closings like a Professional description: Before it comes time to put the finishing touches on your home purchase, make sure review and consult our professional guide on real estate closings. image: https://blog.sdnyrealty.com/hubfs/Blog_Images/real%20estate%20closings.jpg --- - [Pay Rent](https://sdnyrealty.com/pay-rent/) - [Forms](https://sdnyrealty.com/forms/) -   [![S&D Commercial Real Estate Agency](https://blog.sdnyrealty.com/hs-fs/hubfs/S__D_Real_Estate_January2019/images/sd-original-logo_300px.png?width=300&height=194&name=sd-original-logo_300px.png "S&D Commercial Real Estate Agency")](https://sdnyrealty.com/) - [About](https://sdnyrealty.com/long-island-commercial-real-estate-firm/) - [Agents](https://sdnyrealty.com/long-island-real-estate-agents/) - [Listings](https://sdnyrealty.com/property-listings/) - [Property Management](https://sdnyrealty.com/property-management-company/) - [Resources](https://sdnyrealty.com/real-estate-resources/) - [Neighborhood Guide](https://sdnyrealty.com/neighborhood-guide/) - [Long Island](https://sdnyrealty.com/long-island-commercial-real-estate/) - [Nassau County](https://sdnyrealty.com/nassau-county-commercial-real-estate/) - [Bethpage](https://sdnyrealty.com/bethpage-commercial-real-estate/) - [Farmingdale](https://sdnyrealty.com/farmingdale-commercial-real-estate/) - [Franklin Square](https://sdnyrealty.com/franklin-square-commercial-real-estate/) - [Garden City](https://sdnyrealty.com/garden-city-commercial-real-estate/) - [Glen Cove](https://sdnyrealty.com/glen-cove-commercial-real-estate/) - [Hempstead](https://sdnyrealty.com/hempstead-commercial-real-estate/) - [Hicksville](https://sdnyrealty.com/hicksville-commercial-real-estate/) - [Long Beach](https://sdnyrealty.com/long-beach-commercial-real-estate/) - [Mineola](https://sdnyrealty.com/mineola-commercial-real-estate/) - [Rockville Centre](https://sdnyrealty.com/rockville-centre-commercial-real-estate/) - [Suffolk County](https://sdnyrealty.com/suffolk-county-commercial-real-estate/) - [Babylon](https://sdnyrealty.com/suffolk-county-commercial-real-estate/babylon-commercial-real-estate/) - [Brookhaven](https://sdnyrealty.com/brookhaven-commercial-real-estate/) - [Hauppauge](https://sdnyrealty.com/hauppauge-commercial-real-estate/) - [Huntington](https://sdnyrealty.com/huntington-commercial-real-estate/) - [Islip](https://sdnyrealty.com/islip-commercial-real-estate/) - [Melville](https://sdnyrealty.com/melville-commercial-real-estate/) - [Riverhead](https://sdnyrealty.com/riverhead-commercial-real-estate/) - [Smithtown](https://sdnyrealty.com/smithtown-commercial-real-estate/) - [Southampton](https://sdnyrealty.com/southampton-commercial-real-estate/) - [Consulting Services](https://sdnyrealty.com/consulting-services/) - [Property Appraisal Services](https://sdnyrealty.com/property-appraisal/) - [Zoning Regulations](https://sdnyrealty.com/zoning-regulations/) - [Forms](https://sdnyrealty.com/forms/) - [Veterans & Military Housing](https://sdnyrealty.com/veterans-military-housing/) - [Join our Program](https://sdnyrealty.com/veterans-military-housing/#apply-now) - [Forms & Applications](https://sdnyrealty.com/forms/) - [Pay Rent](https://sdnyrealty.com/pay-rent/) - [Blog](https://blog.sdnyrealty.com/blog) - [Contact](https://sdnyrealty.com/contact/) # How to Navigate Real Estate Closings like a Professional - November 18, 2016 - [Buying](https://blog.sdnyrealty.com/blog/topic/buying), [residential real estate](https://blog.sdnyrealty.com/blog/topic/residential-real-estate), [Mortgage](https://blog.sdnyrealty.com/blog/topic/mortgage), [real estate closings](https://blog.sdnyrealty.com/blog/topic/real-estate-closings) - 0 ![How to Navigate Real Estate Closings like a Professional](https://blog.sdnyrealty.com/hubfs/Blog_Images/real%20estate%20closings.jpg) So you’ve found your dream home, [negotiated a deal](https://blog.sdnyrealty.com/blog/how-to-win-your-next-real-estate-negotiation) and obtained a mortgage, what’s next? Last but not least, you will need to meet with all parties involved in the sale for a final settlement, or closing. Here are some tips for getting through real estate closings with ease. ## How to Prepare for Real Estate Closings ### A Last Walk-through The vast majority of home-sale contracts allow for a final walk-through a day before the final closing. Take this time to ensure that the property is indeed vacated and that the home is in an agreed-upon condition. #### Home Inspection If you had a professional [home inspection](http://www.hgtv.com/design/decorating/clean-and-organize/common-problems-found-during-home-inspections) done, use this time to double-check that all prior issues and problems have been resolved. If the property isn’t to your liking, you can usually delay the closing a day or two until everything is taken care of. In certain cases, the seller may even deposit funds into an escrow account for you to use on repairs. ![real estate closings](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/real%20estate%20closings1.jpg?width=450&name=real%20estate%20closings1.jpg "real estate closings") ### Review All Documents In any [home sale](https://blog.sdnyrealty.com/blog/long-island-real-estate-market-in-2017), there’s usually going to be an excess of documents and contracts for you to review and eventually sign. Before you commit your signature to any document, you’ll need to thoroughly examine them for potential errors. #### Loans If you’ve secured a loan, make sure that you fully read and understand your [HUD-1 settlement](http://www.nolo.com/legal-encyclopedia/home-buyers-how-read-your-hud-1-statement.html), which summarizes the terms of your loan, including interest rates and closing costs. Any discrepancies you find can usually be explained or reconciled by your lender. After an in-depth review, make sure the following documents are in order and ready-to-go for the closing day: - Loan estimate - Proof of insurance (homeowners and mortgage) - Proof of [title search](https://blog.sdnyrealty.com/blog/what-is-title-insurance) - Home appraisal - Inspection reports ## ![real estate closings](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/real%20estate%20closings2.jpg?width=450&name=real%20estate%20closings2.jpg "real estate closings") ## What to Expect the Day of On the big day, you’re expected to do two things: sign the necessary paperwork and pay all closing costs. ### What You’ll Need At the closing, make sure you have: - Proof of homeowners insurance - Home inspection reports - Government-issue photo ID - Copy of contract with seller - Anything to do with your loan - Down payment You’ll be required to sign an agreement between you and your lender that outlines the terms and conditions of your [mortgage](https://blog.sdnyrealty.com/blog/how-to-get-a-mortgage). Also, you will need to sign an agreement that transfers ownership of the property from the seller to you. ![real estate closings](https://blog.sdnyrealty.com/hs-fs/hubfs/Blog_Images/real%20estate%20closings3.jpg?width=450&name=real%20estate%20closings3.jpg "real estate closings") #### The Down Payment Since you will already know the cost of your [down payment](http://www.bankrate.com/finance/mortgages/down-payment-1.aspx) from your disclosure form, be sure to double-check their preferred method of compensation. Since personal checks are usually out of the question, you will probably need to wire the funds or use a cashier’s check. Don’t be alarmed if you need to pay smaller fees at your closing. Unforeseen expenses have a tendency of popping up at the last second. Real estate closings are the end of a long, tedious journey of buying a home. Using this insight, you should be able to get through your settlement seamlessly. 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