The Finalizing Ownership Phase of Buying a Home

Now for the fine print and John Hancocks.


During the Finalizing Ownership Phase, your WeVett Agent will coordinate with the title company, lender, and listing agent to ensure a seamless transition.


If you’d like to refresh your memory on the role of the title company, refer back to Sam's discussion during the WeVett Contract Series.


Hopefully, your closing is smooth sailing!


However, it is not uncommon for closing dates to be adjusted during this phase. Both parties can ask to move the date – however both parties must agree before the date is changed. If financing issues arise, the closing date might have to be pushed back. Also, if the Seller is completing any final work or renovations on the house per the contract, this can also delay closing.


Ask about utility information. It is best to have utilities scheduled to turn over to you, the new owner, on the day of closing – typically this should be coordinated at least a week in advance to avoid the termination of service.


When you do arrive on the day of closing, expect to see a lot of papers and prepare to perfect your signature! You and any other individual signing will need to provide a driver’s license or some type of identification.


Expect to collect keys and garage doors openers when you leave the closing table – and unless you have a delayed possession date – your new home is now officially yours!


Disclaimer: The information contained and the opinions expressed in this article are not intended to be construed as investment advice. You should always conduct your own research, due diligence and obtain professional advice before making any investment decision. WeVett, LLC & its members will not be liable for any loss or damage caused by your reliance on information or opinions contained herein.

Just a word or two on what to do when you buy or sell a house.