List of Necessary Documents You Required During Home Closing

A home closing is the date when the sales transaction for the purchase of a house is finally complete. The sales transaction is considered complete when all documents are signed and payments are made. Preparation is the key to a successful closing, and the details of the transaction should be set at least a few days, if not several weeks, before the actual closing date.

Also, you are required to give identity proof while buying a house. In today’s world, there are some websites which are specially designed to provide help regarding buying a home, for e.g. site gives you quotes about the various expenses involved in property purchase.

Here is the list of documents which you should keep with you”

Purchase Agreement

This document shows all of the monetary transfers between the seller and buyer, including the purchase price, down payment amount, payment of brokers’ commissions, attorney fees, escrow fees, title insurance fees, county recorder’s fees for the recording of the deed and mortgage.

Escrow Instruction

Escrow is an account held by a third party on behalf of two parties in a transaction. Because there are so many things that have to happen to complete a home sale, the best way to prevent either the seller or the buyer from getting ripped off is to have a neutral third party.


The deed is the instrument for transferring the title. Ownership transfers to the buyer when he signed the deed. It includes the legal description of the property, is recorded at the county courthouse.

The HUD-1 Settlement Statement

The closing agent prepares this statement that includes all the money involved in the transaction. Double-check all the figures and look for errors before signing the HUD-1 form. Check everything from the sales price to the payoff balances on your loan and the total of tax and utility bills.

Title Insurance Policy

A title insurance policy is a relatively simple type of insurance that protects the buyer and the lender in the event when there are problems with the title to the home, after the sale. Usually, the buyer and the lender will have separate title insurance policies that are financed by the buyer.

Important Things to Know

You should keep all the photocopies as well as originals for all the above stated documents and if you lose any of these, you can acquire a copy from the real estate agent.

Estate Agents need identification and address proof for everyone buying, selling, letting or renting a property. You should also present a signature proof too. Some identity documents required for this purpose are:

  • Current passport size photographs
  • A non-expired photo-card driving license
  • Residency permit
  • Id card with name and expiry date

In addition, you require to present a financial statement (with name, address as well as it should at max. 3 months old), council tax bill and utility bills-including telephone (excluding mobile phone bills), electricity, gas, water (with name, address as well as it should at max. 3 months old).

Once you’ve reviewed and signed all closing documents, the house keys are yours. Congratulations! You will have successfully bought your new home.