What can I expect during the closing process?

The closing process is a critical part of buying or selling a home and generally involves several key steps. Typically, it starts with the buyer and seller agreeing on a closing date, which is often set during the negotiation phase. As the closing date approaches, both parties will work with their respective real estate agents and possibly attorneys to prepare for the transaction. On the day of closing, all parties, including the buyer, seller, and possibly lenders, will gather to finalize the sale. It is common for the buyer to review the Closing Disclosure document, which outlines the financial details of the transaction, including loan terms, fees, and the total amount due at closing. The buyer will need to bring a certified check or arrange for a wire transfer to cover closing costs and the down payment. The seller will sign over the property deed to the buyer, and the buyer will receive keys to their new home after the financial transactions are complete. It is important that all parties are prepared with necessary identification and any required documentation, as delays can occur if anything is missing. After the paperwork is finalized, the transaction is recorded with the appropriate local government office. This officially transfers ownership from the seller to the buyer. It may be wise to consult the specific guidelines provided by Georgia Home Buyers or to look on their website for more information on what to expect during this exciting process.