Closing on Your New Home Soon? Read This First!

Whether you’re buying your first home or your last home, the period between an accepted offer and closing can be overwhelming. With all of the document gathering, scheduling, and moving arrangements, the thought of missing a detail is frightening!

As you approach closing, you’ll probably ask “is there a title company near me that can help me prepare for closing?” The answer to that question is yes! In fact, First National Title is the most respected real estate title company in Arkansas and we’re a phone call away when you’re ready to take the stress out of closing! Here are a few of the most common questions that we hear:

When should I schedule closing?

Scheduling closing near the end of the month lowers closing costs, but you should give yourself a few days to resolve unexpected issues. If you’re renting, time your closing with the end of your lease, and switch over utilities before moving in. And even though closing is typically a quick process, take the whole day off!

How should I prepare for closing?

Don’t be embarrassed to ask questions about paperwork that you don’t understand. You should also invest in title insurance to protect yourself from title defects. If the seller has unpaid property taxes, if paperwork was misfiled, or surprise heirs show up, you won’t be personally responsible for unexpected legal fees. Be sure to also schedule a property walkthrough the day before closing. If something is wrong, it’s best to find out before you’re handed the keys.

What should I bring to closing?

Closing is typically a fairly quick process, and will consist of several documents being signed and filed. If the funds aren’t automatically transferred beforehand, you’ll need to bring a cashier’s check for your down payment. Your realtor and title company representative will usually be present, and if you are married, you will need to bring your spouse along for required signatures and emotional support.

Buying a new home is always exciting, and one of the best ways to ensure a smooth transaction is to hire the right professionals. Our team at First National Title has decades of experience in closing and title research, and we’re ready to put that experience to work for you! For more information, click here, or contact us at any of our 10 convenient Arkansas locations!