Welcome back to Homebuying 101. If you are just now joining us, you can read on about closing below or catch up on previous installments.
The closing, also known as settlement or escrow, is considered the final step in purchasing a home. But many first-time homebuyers aren't sure what to expect when they get to the closing table. You might be asking why sometimes it can take a while to close, who are the key players and what does a title company do? We'll answer these questions and more below.
Who Comes to a Closing?
The amount of people and nature of the closing will depend on various factors, but these are some of the most common people you can expect to see at closing: