July 7th, 2018 3:17 PM by Jackie A. Graves, President
Sign that paperwork. Write
those checks. Get those keys!
The closing. It all
comes down to this. The grand finale. Once you have the keys, the house is
yours. (Cue: Air horn sound!)
Nice work getting this far. You’re almost a homeowner! Let’s run
through some questions you may have as you cross the finish line.
The close or settlement is when you sign the final ownership and
insurance paperwork and get the home’s keys.
process technically begins when you have signed a purchase and sale agreement.
That agreement should specify a closing date. Typically — from the signing date
to the closing date — closing takes four to six weeks. During this time,
purchasing funds are held in escrow, where your
money is safe until the deal is officially done.