Eight Steps to Buy Property

8. Closing

Closing day is great fun, and a lot of work. Usually, on the morning of closing day, you and your TPN Realtor will do a "walk through" of the property. We are checking to see that all repairs have been done, that the property is "broom clean" and that nothing has been removed from the property that should have conveyed with the purchase.

When you reach your attorney's office, you will spend one to two hours reviewing and signing documents. Your attorney will explain every document to you. You will be required to purchase "title insurance" – this is insurance that protects the lender's equity in the property in the event a faulty deed surfaces in the future. Your attorney will offer you the opportunity to purchase title insurance for your equity in the property. We strongly recommend that you make this purchase.

While your TPN Realtor plays no role in the closing, having transferred all of the necessary documents to the attorneys earlier – they will be at your side, ready to answer any questions that may be asked. THEN WE CELEBRATE!

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