The homebuying process can feel long and complicated if you don’t have the proper tools and resources.
Here are some steps to take to help ensure you have a smooth closing experience.
1. Certified funds
The state of Texas requires certified funds at closing. Your closing costs must be paid in the form of wired funds or a cashier’s check made out to the title company.
2. Wired funds
If you wish to wire your closing costs from your account directly to your title company’s account, inform the title company prior to closing so it can assist you in making the arrangements.
3. Verify wiring instructions
Before sending any money electronically, verify all wiring instructions with your agent or title company by phone. Don’t rely on emails or other forms of communications.
4. Identification
Don’t forget to bring your driver’s license or other U.S.-issued form of official photo ID to closing. The ID must be valid, not expired.
5. Reviewing documents
If you wish to examine your loan documents prior to closing, request that your lender provide them to the title company at least one day early.
6. Reimbursements
All bills for inspections, repairs or other items to be paid at closing must be provided to the title company prior to closing.
Avoid closing delays
If you will not be present at closing to sign documents and intend to use a power of attorney, you must provide the original power of attorney to your closing officer for approval and recording. (The lender will also need to approve the power of attorney.)