Realty Executives Gateway Realty

Do's and Don'ts Before Closing Day

So, you are already under contract for the house, an offer has already been accepted, and you have that waiting period before the possession date. 


Here are the don’ts on what you should do before closing day:


  • Do not finance anything - meaning on furniture etc do not open a credit on things like that. You should wait after closing to purchase any large items, during this time.

  • Do not change employment - even if it is for the same pay, you want to stay the same during your loan application. 

  • Don’t co-sign on other loans - you don’t want to do anything that will have an affect on your banking at all. 

  • Don’t pay off large balances on your credit card - unless your mortgage broker specifically tells you to, don’t make any of those decisions on your own. 

  • Do not accept any gift funds without lender approval - the bank wants to know where that money came from.

  • Do not drive by the house and talk to the seller by yourself without your agent - you both are being represented by agents and any negotiating without them could get you burned some way or another. It can easily become a “he said/she said” scenario. 


And with that, let’s get into to do’s:


  • Do keep saving - it is always good to have a little extra money in the bank.

  • Stay on top of paperwork - you want to get your paperwork over to your lender as soon as possible. This will give you as much time as you’ll want for you to close in time. 

  • Stay in touch with your agent - You want to be accessible to your agent for any paperwork that might need your signature. There’s lots of documents that can pop up that they may need you to sign right away. 

  • Get a home inspection - While you’re waiting on financing to get approved, schedule in for your home inspection. You get into the home, learn more about the home, knowing what you’re getting into and that you are happy with the condition of the property. 

  • Make moving arrangements - Take some time to let your landlord know what’s happening, or if you have any problems with where you are living currently you need to make those arrangements ahead of time, and not be waiting for the last minute. 

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