FAQs: Closing on a House in Georgia

Family happily holding "Sold" sign in front of house

Getting a loan approved, finding your dream home, and moving into it are exciting milestones in the home-buying journey! One element of this adventure that cannot be ignored is closing day. Before this day arrives, make sure you’re adequately prepared. Discover frequently asked questions about closing on a house in Georgia.

Am I responsible for closing costs?

It’s not uncommon for buyers and sellers to split the costs, but it can also be used as a bargaining chip while you’re negotiating the price (before closing). In most cases, the portion of the closing costs that the buyer is responsible for is rolled into the mortgage.

How can I prepare for closing on a house?

From the moment a seller accepts your offer on a home, you should be thinking about closing day. During this time, make sure your mortgage lender can easily get ahold of you in case she needs to clarify or ask you anything. Also, hold off on opening a new credit card, making substantial cash deposits, or applying for a new loan. Many lenders will check for changes in credit right before closing.

What happens at closing?

Second to the day that you found the house of your dreams, closing on a house is the next best day! At closing, you will sign different documents making the home officially yours. This process usually takes 1 – 2 hours, depending on how prepared each party is. If you have any questions about closing, don’t hesitate to ask your real estate agent or real estate attorney.

What should I bring to my closing appointment?

At your closing appointment, usually held at an attorney’s office, you will need to bring closing funds (most likely in the form of a cashier’s check), two forms of government-issued identification, your spouse if you’re married, and additional paperwork if needed. This additional paperwork may include a copy of the purchase and sale agreement, proof of home insurance, miscellaneous lender documentation, termite letter, and contact information.

Closing on a house is exciting, and your real estate attorney can help you succeed! If you have any questions about how   can assist you in this process, don’t hesitate to contact Myers Law Group: 478-200-7248.