What Do I Need To Bring To My Real Estate Closing? | Summary and Q&A

TL;DR

Bring all signers, valid photo ID, and instructions for receiving proceeds. Sellers should also bring keys and access items. Buyers should bring a checkbook and a list of questions.

Key Insights

• ☄️ Spouses should assume they need to come to the closing appointment.
• 🪡 All signers need a valid photo ID, and buyers may need a second form of ID.
• 🤩 Sellers should bring instructions and keys/access items.
• 🛩️ Wiring funds is the preferred method, but small check amounts may be accepted for changes.
• 👂 Buyers should make a list of questions to ensure they get all their concerns addressed.
• ✊ Documents like power of attorney or agreements should be brought in their original form.
• 📜 Forgetting to bring required documents can cause delays in the closing process.

Transcript

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Questions & Answers

Q: Do I need to bring my spouse to the closing appointment?

In North Carolina, if you're married, it is highly likely that your spouse will need to sign. It's important to assume that your spouse needs to come unless there are special circumstances.

Q: What form of ID should I bring?

All signers should bring a valid photo ID. Additionally, your lender may require a second form of ID, so it's good to check with them beforehand.

Q: What should sellers bring for receiving their proceeds?

Sellers should bring their instructions for how they want to receive their proceeds. This includes account and routing numbers if they want to have their proceeds wired.

Q: Should buyers bring their checkbook to closing?

Yes, it's a good idea for buyers to bring their checkbook. While wiring funds is preferred, there may be small amounts needed at closing or changes in the amount that can be covered with a check.

Summary & Key Takeaways

• All signers, including spouses, should bring a valid photo ID to the closing appointment.

• Sellers should bring instructions for receiving proceeds, keys, and access items.

• Buyers should bring a checkbook and a list of questions.