5 Common Mistakes to Avoid During the Home Closing Process

Buying a home is one of the most significant financial decisions you’ll ever make. However, the closing process can be complex and fraught with potential pitfalls. By knowing what to expect and planning ahead, you can sidestep common mistakes that could delay or derail your closing. Here are five key mistakes to avoid.

1. Failing to Review Closing Documents in Advance

One of the most common missteps is not reviewing your closing documents before the big day. These documents include the Closing Disclosure, loan agreement, and title paperwork. Failing to understand these documents can lead to surprises, such as unexpected fees or terms.

Tip: Ask your closing attorney or lender for the documents at least three (3) days in advance. Then, take the time to review them and ask questions about anything unclear.

2. Not Budgeting for Closing Costs

Closing costs can range from 2% to 5% of the purchase price, but many buyers overlook these expenses until the last minute. This can lead to financial stress or even jeopardize the closing if funds are insufficient.

Tip: Work with your lender to get an estimate of closing costs early in the process. Then, ensure you have these funds readily available before closing day.

3. Overlooking Title Issues

A clear title is essential for a smooth transaction. Undisclosed liens, boundary disputes, or ownership claims can all cause delays or legal issues after the purchase.

Tip: Hire an experienced real estate attorney to conduct a thorough title search and purchase title insurance for added protection against future claims.

4. Skipping the Final Walkthrough

The final walkthrough is your last chance to ensure the property is in the agreed-upon condition. Skipping it could mean missing out on unresolved repairs or new issues.

Tip: Schedule the walkthrough as close to closing day as possible and bring a checklist to confirm that any agreed-upon repairs have been completed.

5. Ignoring Communication Deadlines

Real estate closings involve multiple parties—buyers, sellers, agents, lenders, and attorneys. Delayed responses to emails, calls, or document requests can cause unnecessary delays.

Tip: Stay proactive and responsive throughout the process. In addition, set reminders for key deadlines and keep all communication channels open.

How Edwards Law Can Help

Navigating the home closing process doesn’t have to be overwhelming. At Edwards Law, we specialize in making real estate closings seamless and stress-free. Our experienced team can guide you through every step, ensuring all documents are accurate and deadlines are met.

Ready to make your closing process as smooth as possible? Contact us today for a consultation and let’s get you one step closer to your dream home!