7 Steps Every Homebuyer Should Expect at Closing

Your home-buying journey is almost over. You found the home you love, the seller agreed to your offer, and now it's time for closing. You can expect closing to happen within 30 to 90 days depending on your agreement. Here are the 7 steps every homebuyer should expect.

Step 1 — Select a Closing Agent: If you are working with a real estate agent, they may place an order with a closing agent as soon as your sales contract is accepted. The closing agent — which can be a title company like Fidelity National Title — oversees the closing process and makes sure everything happens in the right order and on time. Step 2 — Title Search Is Conducted: The title company conducts a search of public records to identify any issues — liens, utility easements, and more. If a problem is discovered, the title professional usually takes care of it without you even knowing.

Step 3 — Understanding Title Insurance: There are two kinds of coverage: a Lender's policy (covering the lender for the mortgage amount) and an Owner's policy (covering the homebuyer for the purchase price). The lender typically requires a Lender's policy, but an Owner's policy is always recommended to protect your investment. Step 4 — Hazard Insurance: Most mortgage lenders require proof of homeowners' hazard insurance before closing. Start looking three to four weeks before your closing date.

Step 5 — Obtain a Closing Disclosure: Your lender must provide a Closing Disclosure at least three business days prior to closing. If the lender makes significant changes (APR increase above 0.5%, loan product change, or adding a prepayment penalty), you must receive a new disclosure and an additional three-day waiting period. Step 6 — Signing Day: As signing day approaches, the closing agent orders any updated information required, confirms with the lender and seller, and sets a final date, time, and location.

Step 7 — The Finish Line: Once recording is authorized by the lender and all funds have been received, documents are recorded at the county recorder's office. Recording numbers are issued, making the buyer the official new owner on public record. Once recorded, the escrow officer disburses funds to the seller, agents, and other parties.

Team Goeglein at Fidelity National Title guides agents and their clients through every step of the closing process in the South Bay and Westside LA. Matt Goeglein and Xavier de la Piedra IV ensure that every closing runs smoothly — from opening escrow to recording the deed.