Closing can be held in any agreed-upon location, typically your closing attorney’s office, but in some cases at the builder's office or another location. You can also do a "mail-in" close if you're purchasing from out of state.
#9. Be Present at a Walkthrough
The final walkthrough is your last chance to see your future house before you buy it. It's commonly scheduled about 24 hours before signing closing documents. The property should be in the condition that’s specified in your sales contract. You may inspect for any changes made subsequent to the home or pest inspections. Check if everything is in order and if any additional repairs or replacements are necessary. If there’s an issue, the closing day could be shifted, or, upon agreement, the repair costs will be submitted to the escrow account. Don’t skip this step because missing the final walkthrough is one reason for closing delays.
#10. Get Ready for Your Closing Day
You have run the escrow marathon and survived all the possible obstacles in your way. It’s finally time to sign the papers and get the keys to your new home. (Whew!) Prepare all the paperwork that you’ve collected during the process. This includes the title search and insurance, inspection reports, bank statements, home appraisal, checks of down payment closing costs, and prepaid interest. Several people may be present at the closing, e.g., your attorney, a seller or seller’s representative, seller’s attorney, real estate agents (both yours and seller’s), lender’s representative, a title company’s representative, and a public notary. In North Carolina, it’s often
88
Powered by FlippingBook