How do I prepare for closing day?
Don’t Lose Your Deposit: The Exact Steps to Prepare for Closing Day and Close Smoothly
Why closing day matters
Closing day is the finish line. Get it wrong and you pay more, wait longer, or lose the deal. Get it right and you move in with confidence. I lay out a clear, battle-tested plan to prepare for closing day — no fluff, no jargon.
Quick answers buyers ask
- What to bring to closing? ID, certified funds, closing disclosure, lender contact info. Confirm specifics with your realtor or title company.
- How much are closing costs? Typically 2–5% of purchase price. Know exact numbers in advance.
- When is final walkthrough? Usually the day before or the morning of closing.
Immediate prep checklist (do these 7–10 days before)
- Confirm closing date, time and location with your realtor and lender.
- Review the Closing Disclosure and title documents. Ask questions now.
- Order certified funds or wire transfer instructions from your lawyer/title company.
- Schedule the final walkthrough and make a short checklist: plumbing, appliances, HVAC, windows, locks.
- Confirm insurance: home insurance binder or proof of coverage required at closing.
- Check utility transfer dates: electricity, gas, water, internet.
- Verify movers and storage logistics.
What to bring on closing day
- Government ID (driver’s license or passport) for every signing party.
- Certified cheque or wire confirmation for the exact funds.
- Closing Disclosure and any lender documents you received.
- Contact list: lender, realtor, lawyer/title officer, and your accountant if needed.
Final walkthrough tips (15–30 minutes)
- Test all faucets, flush toilets, run showers. Look for leaks.
- Test all light switches and appliances included in the sale.
- Check for agreed repairs and that keys/garage openers are present.
- Take photos of any issues and notify your agent immediately.
Common last-minute obstacles and how to avoid them
- Funding delays: Confirm wire instructions and send funds early in the requested window.
- Missing documents: Prepare IDs and signed forms ahead of time; don’t wait until the table.
- Title issues: Order title search early. Resolve liens or judgments immediately.
After signing — the quick follow-up
- Keep copies of signed documents. Scan or photograph them.
- Confirm recording with county/land registry and get the keys.
- Transfer utilities and update your address.
Closing day is simple when you prepare. This checklist removes surprise fees, delays and stress. If you want a local expert who executes every step and protects your money and time, call Tony Sousa. He handles the paperwork, pushes lenders, and coordinates lawyers so you close on time.
Contact Tony Sousa: tony@sousasells.ca | 416-477-2620 | https://www.sousasells.ca
