10 STEPS TO PURCHASING A HOME IN MAINE
Closing on Your New Home - Step #10
This is the moment you have waited for, worked for and worried about for the past few weeks....closing day! Today the property will officially transfer from the seller to you, the buyer and you will become a Homeowner!
So what should you expect? A typical closing usually takes about an hour and involves a lot of signing for the buyer. If you are interested in reading all the documents, make sure you ask your broker or lender to provide you with a copy in the days before closing. If you read them all at the closing table, the closing will take several hours. The title is usually conducted by an attorney who will explain to you the documents and answer any questions you may have.
In most cases you will need to bring some money to closing to cover your down payment, closing costs or appraisal. Remember that you will need a certified check. You can have a certified check made out right at your bank before heading to closing. Most title companies will not accept a personal check or cash.
You will also need to provide one and sometimes 2 photo IDs so bring your driver's license and whatever photo ID you have.
Once the paperwork is done, you can head to your new home with your new keys and start unpacking! Congratulations...You are a Homeowner!
