On your closing day, being prepared can make a big difference. If you are the buyer, you want to know that the property is really going to be transferred into your name. If you are the seller you want to be sure the property is legally transferred to the new owner. Your title agent will help you get your paperwork signed, so you do not need to worry about whether the transaction is handled correctly. Verifying your personal information and the property information on the paperwork is important before you sign. Bringing money to closing is a normal occurrence for buyers, and is sometimes necessary for sellers, as well. You will be given information on how to do that in advance, so it does not delay your closing.
After you provide any money owed and sign your closing papers you will get a copy of everything you signed. Then you have a record of the transaction. Sellers will receive a tax form at a later date and buyers will receive their recorded deed, mortgage, and title insurance policy in the mail. Closing on a piece of property can be exciting, whether you are the buyer or the seller. For buyers, closing represents the start of something new. The same is often true for sellers, who are able to move on from a property and choose a different one to continue their story. By working with a title company, you can feel confident that your closing will be as smooth and easy as possible.