This is the last step before you get your keys! If you’ve finished inspections and have your loan approved, you’re usually ready to sign!
What should I be aware of before doing the final document signing?
The title company will provide us with an estimated settlement statement. This is a breakdown of the fees that everyone pays or is paid. If we have any questions, the title company can explain or correct an item for us before we sign.
When do I sign the final documents?
We can schedule a signing with the title company when:
- The title company has all the documents they need regarding who needs to pay what and to whom
- If you’re using a loan, we will need final approval from the lender
Where do I sign?
Usually we sign our final documents at the title/escrow company. Most title companies are open 9-5pm on Monday through Friday.
What if I can’t make it to the title company during normal business hours?
If you’re not able to visit the title company during normal business hours (Monday to Friday, 9-5pm), we can arrange for a licensed notary to meet you at a place and time of your choosing to do your signing. It usually costs an additional $150-200 to arrange this signing. This fee will be included in your closing costs.
Is there anything I should bring to the signing?
All you need to bring is yourself, your ID, and a hand for signing 🙂
That’s it for signing!
In the next section below, I write about how you go about sending the money to the title company.
How do I deposit the remaining funds?
Usually when we’re given the settlement statement (breakdown of fees, etc.), we’re ready to deposit the final amount needed to complete the sale. The settlement statement we get from the title company should tell us the amount due from the buyer.
Usually we can deposit the money in one of two ways:
- Wiring – Sending electronically and securely from your bank for a fee, usually around $35
- Cashier’s Check – You can usually get one at your bank for a small fee as well
Before doing any of this though, your title company will give you instructions on what works for them. This is usually non-negotiable, as they need to ensure that the money comes in securely.
If you have any further questions on this section, usually your agent and title company can clear it up for you since the answers will be specific to the title company you use.
Ready for the next step? Click here: Step 12: Recording Title & Getting Keys
Need to go back a step? Click here: Step 10: Walk Through
Want to start from the beginning? Click Here: Step 1: Setting Up Your Wallet
Thanks for reading! If you think this information is useful, please share it with a friend!
Leng Lim
Las Vegas Real Estate Specialists
702-343-2670