Step 12: Schedule the Closing on Your Calendar

Now that you have an executed contract, it’s important to schedule the closing on your calendar and arrange to take the day off from work. Here are a few things to know about your closing date as specified on your executed contract:

It could change. While we hope closing occurs on your closing date, there are many factors that could cause it to be pushed back, such as a tight time frame for closing (anything 30 days or less) causing the mortgage company to need more time, etc. However, for planning purposes right now, count on your closing date being the final date.

Closing generally takes place at the title company per the executed contract. On average closing takes about 2 hours, but if there if there are any delays it could take up to 4 hours. For this reason, it’s important that you arrange to take the whole day off from work. We can’t specify a specific time until close to closing day but can request either morning or afternoon. If you have a time preference, please let us know.

The closing location and exact start time won’t be scheduled until your mortgage officer gives us Clear to Close (CTC), meaning you’ve been completely approved for the loan without any conditions. This generally occurs 2 days to one week prior to your closing date and is when we’ll be notified of the exact start time.

It’s best if you attend the closing in person, however, if you can’t be there that day, notify our team immediately. That way the title company can make accommodations. We always encourage clients to attend closing as it’s important you understand the closing documents, when your first mortgage payment is due, how you make your first mortgage payment, etc. All of that will be explained at the closing.

The day prior to closing you will need to wire transfer your down payment and closing costs to the title company. The wire instructions for this transfer will come directly from the title, they usually call to notify us they have been sent. Do not follow anyone else’s instructions unless it comes directly from us. There are many scams out there targeted at buyers where scammers will email you fake wire transfer instructions in an attempt to steal your money. Therefore, it is imperative that you only follow instructions sent from our email address (@ccoklahoma.com), or the closing title company's email.  

If you are planning to move into your new home on the day of closing, schedule the move for at least 1 – 2 hours after closing ends, if possible. Legally you can’t move into the house until the end of closing once the bank funds the loan and transfers the funds to the seller unless we have negotiated and signed an early occupancy contract. 

At the very end of closing, you will receive the keys to your new home!

If you have any questions about closing, please contact us!