Buying a home for the first time may bring about anxiety, frustration and even a little fear. The entire process for this large purchase requires you to keep track of documents and may have you searching for additional information the seller needs.

With paperwork turned in and the closing date set, all you can do at this point is sit and wait. Because you may not know how a closing works, here is a little information to get you ready for the big day:

The closing

A real estate closing completes the purchase of your new property before you officially take possession. You may meet several people attending the closing along with you, including your real estate agent, attorneys or a representative from the lender. The seller may or may not be at the closing, and you may have to sign several documents to finish the real estate transaction. The process you are likely to encounter includes the following:

  • The person handling the closing will ask for a government-issued ID to verify your identity.
  • He or she will explain the documents that you are signing. Read over the paperwork. If you have an attorney present, you may want to ask questions when you do not understand something.
  • After signing, the title or loan officer will notarize everything. This person may file the paperwork with the appropriate entities such as the mortgage company and the county for the deed of trust.
  • If the purchase agreement required a down payment, a title or loan officer may take care of the transaction.

To be ready for the meeting, you may want to bring all the papers received throughout the purchasing process. If there were last-minute issues concerning the property, this is an excellent time to ask if everything is complete. Verify that you have all keys, access cards and any extra information that you need.