Now that you have an accepted and fully-executed contract (fully-executed just means that it’s been signed by all parties), it’s important to schedule the closing date on your calendar and arrange to flexibility in your schedule on that date.

Here are a few things to know about your closing date as specified on your executed contract:

  • It could change. While we hope closing occurs on the closing date listed in the purchase contract, there are many factors which could cause it to be pushed back, such as a tight time frame for closing (anything 30 days or less) causing the mortgage company to need more time, etc. However, for planning purposes right now, count on your closing date being the final date.
  • Closing generally takes place at a title company in town. On average, a closing takes about 1 hour for the Buyer, but if there is a problem it could take longer or require you to come back to sign more paperwork. For this reason it’s important that you arrange to have flexibility on closing day.
  • The closing location and exact start time will only be tentatively scheduled until your mortgage officer provides the title company Clear to Close (CTC), meaning you’ve been completely approved for the loan without any conditions.
  • We always encourage clients to attend closing as it’s important you understand the closing documents, when your first mortgage payment is due, how you make your first mortgage payment, etc. All of that will be explained at the closing.
  • The day prior to closing you will need to wire transfer your down payment and closing costs directly to the title company. The wire instructions for this transfer will come from your mortgage officer. Do not follow anyone else’s instructions unless it comes directly from them. There are many scams out there targeted at buyers where scammers will email you fake wire transfer instructions in an attempt to steal your money.
  • If you are planning to move into your new home on the day of closing, schedule the move for at least 1 – 2 hours after closing ends, if possible. Legally you can’t move into the house until the end of closing once the bank funds the loan and transfers the funds to the seller.
  • Once the closing has wrapped up, you will receive the keys to your new home!

If you have any questions about closing, please let us know by calling/texting Uptown Realty Group at (740) 590-4882 or email