What Happens on Closing Day?

When you’re buying land for sale in North Florida, you know that eventually, you’ll make it to closing day – but what happens on closing day, and how can you help ensure the process goes smoothly?

On closing day – the day you get the deed to your new property from the previous owner – your REALTOR® will be there with you to make sure everything goes off without a hitch. However, knowing what to expect can make a big difference.

First, you’ll most likely meet your REALTOR at the property. You can drive or walk through it to make sure everything’s the same as it was when you offered to buy it, or to check that improvements you and the seller agreed upon have been made. If anything’s amiss, let your real estate agent know.

Related: What is a mortgage broker?

Once you’ve checked out your new property, you and your agent will go to the closing meeting. That’s where you’ll meet the seller, your lender’s representative and other professionals there to help with your transaction. You may meet someone from the title company and an attorney at this time, too.

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From there, you’ll sit in a conference room and sign the necessary paperwork to transfer the property from the seller to you.

Related: What is a registered deed?

If you’re purchasing a home, you may get the keys to the home at this time, as well.

Once all the Ts are crossed and the Is are dotted on your contract, your lender will file the paperwork and the documentation of ownership will go on official record. When that happens, you officially own the property.

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What Happens on Closing Day?