What should I expect to happen on closing day?

When it finally comes time to close on a house, it seems as though there is often an equal amount of nerves and excitement. After all, you are buying a home, which is exciting but also signing a 30 or so year commitment. Before the day of closing arrives, the buyer should have submitted all necessary paperwork and have completed a final walkthrough of the house. During the final walkthrough, the buyer will find any discrepancies in the home to make sure they are getting what they agreed upon, which is especially important if negotiations were made.

Once the buyer arrives at the attorney’s office, they should not be too nervous. They should really just be prepared to sit in a room with an attorney, have a lot of information thrown their way, and sign a lot of papers. In many cases, the seller does not actually need to be at closing and they can sign all necessary paperwork beforehand. Most of the paperwork during the closing process seems more intimidating than it truly is.

If the buyer is purchasing the home with a spouse who cannot be physically present at closing day, they need to make sure to have power of attorney arranged previously and should bring it with them to the closing meeting.

If you have questions about real estate law, contact our firm today.

Joseph Gachko, Esq. is an experienced New Jersey attorney who can assist you in any of your estate or real estate-related legal matters. If you require legal counsel for your real estate matters, please contact The Law Office of Joseph Gachko today to set up a consultation.