Congratulations! You've made it to the final step. Closing day is when you officially become a homeowner. Typically, closing takes four to six weeks from contract acceptance. During this time, purchase funds are held in escrow, where your money is kept safe until the transaction is complete.
Closing Disclosure Review
Lenders are required to provide you with a closing disclosure at least three days before closing. This critical document shows your final loan terms and closing costs.
Days Before Closing
You receive your closing disclosure from the lender
Days to Review
You have three full days to carefully review all terms and costs
Closing Day
Sign documents and receive your keys with no surprises
Important: Review Carefully
This three-day review period ensures there are no surprises at the closing table. If there is a significant discrepancy between the loan estimate and the closing disclosure, we must notify your lender and title company immediately.
Final Walk-Through
We will do a final walk-through of the home within 24 hours of closing to check the property's condition. This final inspection takes about an hour and ensures everything is as agreed.
What We'll Check During Walk-Through:
Repair Work Verification
Make sure any repair work that the seller agreed to make has been completed properly
Appliances Working
Make sure all appliances are working properly and functioning as expected
Plumbing Systems
Run the water in all the faucets and check for any possible leaks
Garage Door Operation
Open and close garage doors with opener to ensure proper functionality
Bathroom Fixtures
Flush toilets to ensure they're working properly
Kitchen Systems
Run the garbage disposal and exhaust fans to verify operation
At the Closing Table
The closing typically happens at the title company. You will be signing lots of paperwork, so get your writing hand warmed up!
Who Will Be There:
Documents You'll Sign:
Closing Costs
of Home's Sales Price
Closing costs can vary depending on your home's purchase price and where you are located. You can generally expect your closing costs to be around 3% to 4% of the home's sales price.
These closing costs can sometimes be shared with the seller as part of the negotiation process.
What to Bring to Closing
Government-Issued Photo ID
Valid driver's license or passport for identity verification
Copy of the Sales Contract
Your signed purchase agreement and any amendments
Homeowner's Insurance Certificate
Proof of insurance coverage effective from closing date
Proof of Funds
Certified check or wire transfer confirmation to cover the remainder of the down payment and your closing costs
Receive Your Keys!
Congratulations! It was a lot of hard work but you are now officially homeowners!! Time to throw a party and get to know your new neighbors!
Ready to Start Your Home Buying Journey?
Now that you know what to expect, let's make your dream of homeownership in Tulsa a reality. We're here to guide you through every step of this exciting process.