What to Expect at Closing: Final Steps Before You Get the Keys to Your New Home in Celina, TX

Buying a home is a significant milestone, and as you approach the closing stage, there’s excitement mixed with a bit of nervous anticipation. The final steps before you get the keys to your new home in Celina, TX are crucial, and knowing what to expect can help ease any uncertainties.

Here’s a detailed guide on what to expect at closing:

1. Reviewing Closing Disclosure

Before the closing day, you’ll receive a Closing Disclosure (CD) from your lender. This document outlines the final details of your loan, including the loan amount, interest rate, monthly payments, and closing costs. It's important to review this carefully, comparing it to your Loan Estimate that you received earlier in the process. Make sure there are no discrepancies, and if anything looks off, reach out to your lender for clarification.

2. Final Walkthrough

Typically, 24 to 48 hours before the closing, you’ll conduct a final walkthrough of the property. This is your opportunity to ensure that the home is in the same condition as when you made your offer. Check for any repairs that were supposed to be completed or any issues that may have arisen since your last visit. If there are problems, discuss them with your agent and resolve them before moving forward.

3. Closing Day: Signing the Paperwork

On closing day, you'll meet with the seller, their representative, and potentially your lender and real estate agent. Expect to sign numerous documents. These may include:

• The deed of trust (which secures the loan on the property)

• The mortgage note (outlining your promise to repay the loan)

• The settlement statement (breaking down all costs involved in the transaction)

• Title transfer documents

The title company or escrow officer will guide you through these documents, ensuring you understand each one before signing.

4. Paying Closing Costs

Closing costs can range from 2% to 5% of the home’s purchase price. These costs include things like:

• Loan origination fees

• Appraisal fees

• Title insurance

• Property taxes

• Homeowners insurance

These fees must be paid at closing, typically via a cashier’s check or wire transfer. Your lender or title company will give you the exact amount you need to bring.

5. Transfer of Ownership

Once all documents are signed and payments made, you’re almost there! The final step in the closing process is the transfer of ownership. The title company or closing attorney will file the deed with the county, officially transferring the property to your name.

You’ll now be officially the owner of your new home in Celina!

6. Getting the Keys

Once the paperwork is complete and the funds are disbursed, you’ll receive the keys to your new home. Congratulations! It’s time to celebrate your new chapter in Celina, TX.

Final Thoughts

Closing is the final, and often most complex, part of the homebuying process, but it’s also the most rewarding. By being prepared and understanding the steps involved, you can approach closing day with confidence.

Working with a seasoned real estate agent like Nitin Gupta, Broker Associate, REALTOR, ensures that you have someone by your side to guide you through the closing process, answer your questions, and advocate for your best interests every step of the way.

Ready to make your dream home in Celina a reality? Contact Nitin Gupta today for expert guidance through every stage of the homebuying journey.

Thinking about buying your first home? Let’s make it happen!

Contact us at 469-269-6541

About us: How We Help You Buy Your First Home in Celina - Celina Real Estate Agent

You need a top Celina real estate agent & team to work hard for you and guide you through the home buying process. Our Realtors are devoted to helping our clients find the right home, at the best price, and with a minimal amount of stress and disruption to their lives. Our goal is to find the home in Celina that will make you happy and successful in real estate ownership.

When you hire us to help you buy your first home in Celina area, we want to know what you want and how much you can afford. Your Top Celina Real Estate Agent will find a way to merge these two priorities and find a residence you will enjoy owning for years. Starting with the first interview determining your requirements to the moment we present the keys to your first home, your Realtor will walk you through the complicated home-buying process. We will share our expertise to educate you on the market and the process of buying a home, so you will be prepared to make the best choices and feel comfortable with all of your decisions. Please contact us to find out more about how we can make the home buying process easier for you.