Essential Tips for Clients Navigating the Closing Process

The closing process is the final step to officially owning or selling a home, but it’s not without its challenges. To help you avoid potential pitfalls, our experienced agents have shared their top tips for ensuring a smooth and successful closing.

1️⃣ The Deal Isn’t Done Until It’s Recorded

Advice from Emily Ostrem
Emily reminds us: “The deal is not closed until it’s recorded with the county.”

What does this mean? While you may sign the final paperwork at the closing table, the transaction isn’t officially complete until the deed is recorded with the county. This step legally transfers ownership from the seller to the buyer.

Additional Tips:

• Be Patient: The recording process can sometimes take a few hours or even a full day, depending on the county’s workload.

• Avoid Premature Moves: Don’t schedule movers or start renovations until the recording confirmation is received.

• Communicate with Your Agent: They’ll monitor the process and let you know as soon as the recording is complete.

2️⃣ Timely Responses Are Critical for Buyers

Advice from Becky Scott
“One of the most important things, especially as a buyer, is timely and immediate responses to your lender for information or signatures,” Becky advises.

During the closing process, lenders often request additional documentation or signatures to finalize the loan. Delays in responding can push back your closing date.

Additional Tips:

• Stay Available: Keep your phone and email handy during the closing process to ensure you don’t miss any urgent requests.

• Be Proactive: If you anticipate a change in your financial situation, notify your lender immediately.

• Double-Check Requirements: Ensure all requested documents are accurate and complete before submission to avoid delays.

3️⃣ Hold Off on Big Purchases

Advice from Whitney Woodward
Whitney emphasizes: “Check in with your lender before making any large purchases, especially those requiring a credit account or credit card.”

Big-ticket purchases, like furniture, appliances, or even a new car, can impact your credit score and debt-to-income ratio. Lenders often perform a final credit check before closing, and any changes could jeopardize your loan approval.

Additional Tips:

• Wait Until After Closing: Plan your purchases for after the transaction is officially complete.

• Ask Before Acting: Consult your lender if you’re unsure whether a financial decision could affect your loan.

• Avoid New Credit Inquiries: Steer clear of applying for new credit cards or loans until closing is finalized.

Final Thoughts: Your Success Is in the Details

The closing process is often the most exciting yet nerve-wracking part of buying or selling a home. By following these expert tips and maintaining close communication with your agent and lender, you can ensure a smooth path to the finish line.

If you have questions about the closing process or need personalized advice, don’t hesitate to reach out to the Alpine Group. Our dedicated agents are here to guide you every step of the way.

🏡 Ready to close on your dream home? Let’s make it happen together! Check out our active listings here.