Episode 9

What to Expect at Closing

Published on: 27th July, 2023

Thank you for tuning into the Get Me Ready to Buy Podcast, where we help buyers prepare for the home buying process. In this episode, we discuss the closing process and what it entails. Closing refers to the transfer of ownership of the property from the seller to the buyer. While there are twelve steps to the closing process, according to Investopedia, it's important to note that these steps may vary depending on your region. Partnering with professionals, such as a real estate agent, closing attorney, title company, or lender, can provide you with the specific details of the closing process in your area.

  • 2:00 - What is the Close?
  • 3:42 - #1: Open an escrow account
  • 5:57 - #2: Title search and insurance
  • 8:30 - #3: Hire an attorney
  • 10:04 - #4: Negotiate Closing Costs
  • 11:06 - #5: Complete the Home Inspection
  • 12:22 - #6: Get a pest inspection
  • 12:54 - #7: Renegotiate the offer
  • 14:32 - #8: Lock in your interest rate
  • 15:45 - #9: Remove contingencies
  • 18:51 - #10: Meet funding requirements
  • 25:49 - #11: Final Walkthrough
  • 27:22 - #12: Sign the paperwork

The closing process is an important step in homeownership, where ownership of the property is transferred from the seller to the buyer. It's crucial to partner with professionals who can guide you through the specific steps of closing in your region. Thank you for listening to the Get Me Ready to Buy Podcast, and we hope this episode has helped you prepare for the closing process. Remember to subscribe to our podcast and YouTube channel for more valuable information on buying a home.

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Get Me Ready To Buy
Buy Your Home With Confidence
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Jeff Jones

Jeff Jones is a Jesus-following husband, father, G-Paw, son, minister, leader, entrepreneur, coach, and REALTOR®. His passion is serving others by guiding them to be successful. Jeff and Dori married in 1985. They have two daughters, two sons-in-law, and one granddaughter. He graduated from the University of Memphis with a degree in business administration., and Southwestern Baptist Theological Seminary. For 33 years, Jeff served churches in Tennessee, Texas, Alabama, Arkansas, Louisiana, and Mississippi; the Arkansas Baptist State Convention; and as a trainer/consultant for churches, associations, state conventions, and LifeWay.

Jeff became a REALTOR® in 2017. Most recently, Jeff became a Certified Success™ Coach. Currently, Jeff serves on the board of the Southaven Chamber of Commerce where he is an ambassador and chair of the Membership Committee and on the board of the Northwest Mississippi REALTORS® where he chairs the Community Outreach Committee. Jeff is also a trainer for the Mississippi Association of REALTORS®.

He loves to work with his hands, whether it is a construction, landscape, or garden project. Jeff is most known for his fishing videos where he challenges others to “get a hook wet” as he enjoys doing in the pond on his land.