The journey of purchasing a new home is exciting, filled with anticipation and careful planning. As the day of closing approaches, it’s important to ensure that all loose ends are tied up and that you’re well-prepared for the final steps.
Here is a comprehensive checklist of things to do the day before your residential home closing. Following this checklist will help ensure a smooth and stress-free closing process.
Double-Check Your Documents
The last opportunity to review all the necessary documents is the day before closing. Ensure you have copies of your purchase agreement, property disclosures, loan estimate, and any other documents your real estate agent, lender, or attorney provides. Take the time to review these documents one last time to ensure accuracy.
Verify that all names and addresses are correct, and if you find any discrepancies, inform your real estate agent or attorney promptly.
Communicate with Your Real Estate Agent
Touch base with your real estate agent to confirm that all necessary tasks have been completed and that there are no last-minute surprises. This is also an excellent time to discuss any concerns you might have about the closing process or any outstanding questions. A quick call can provide reassurance and ensure that everyone is on the same page.
Verify Closing Funds
Contact your lender or closing agent to verify the amount of funds you need to bring to the closing table. This includes the down payment, closing costs, and any other fees associated with the transaction. It’s important to double-check these figures, as they might have changed since you last reviewed them. This step will prevent any unexpected surprises during the closing process.
Complete a Final Walk-Through
Arrange a final walk-through of the property to ensure that the home is in the agreed-upon condition. Check that any repairs or improvements negotiated after the home inspection have been completed satisfactorily. This is your last chance to address any issues before closing. Pay special attention to appliances, plumbing, and electrical systems to ensure they are all in proper working order.
Contact Utilities and Service Providers
Contact utility companies to schedule the transfer of services into your name, effective on the day of closing. This ensures that essential services like electricity and water are ready as soon as you move in. Additionally, inform other service providers like internet and cable companies about your upcoming move so they can assist you in transferring services smoothly.
Gather Essential Items
Prepare a folder with all the important documents related to the home purchase, such as the purchase agreement, inspection reports, warranties, and any correspondence with your lender or agent. Having these documents organized and easily accessible will make future reference or potential issues easier to manage. Additionally, make digital copies and store them securely in case of loss or damage.
Pack for Moving Day
If you’re planning to move in shortly after closing, consider packing essential items such as toiletries, a change of clothes, and any important medications. Label your boxes to make the unpacking process easier. Create a moving-day essentials box with items like a first aid kit, snacks, cleaning supplies, and basic tools to help you comfortably settle into your new home.
Inform Your Employer
If you’re taking time off work for the closing and moving process, inform your employer in advance. Clear communication will help you manage your time effectively and ensure that your work responsibilities are covered during your absence. This foresight will contribute to a smoother transition into your new home.
Relax and Rest
While it’s natural to feel excited and a bit anxious, try to relax and get a good night’s sleep. The day of closing can be long and tiring, so being well-rested will help you stay focused and alert during the process. Engage in activities that help you unwind and destress, whether it’s reading a book, taking a leisurely walk, or enjoying a calming cup of tea.
Prepare for Closing Day
Before you go to bed, double-check that you have all the necessary documents, funds, and contact information readily available. Set your alarm clock, and plan your route to the closing location to ensure you arrive on time. Lay out the outfit you’ll wear, gather your identification documents, and have your phone charger and any necessary accessories ready.
The day before your residential home closing with RealClear Settlement is a crucial time to finalize your preparations and tie up any loose ends. By following this comprehensive checklist, you’ll be well-prepared to face the closing process with confidence. From verifying documents to arranging for closing funds and preparing for moving day, each step plays a vital role in ensuring a smooth and stress-free transition to your new home.
With proper planning and attention to detail, you’ll be ready to celebrate the successful closing of your new home and embark on the exciting journey of homeownership, knowing that you’ve taken every necessary step to ensure a seamless experience.