What to Do Before Closing
TL;DR
The days before closing are critical for buyers. Reviewing your final documents, avoiding major financial changes, completing the walkthrough, and preparing funds ahead of time can help prevent delays and last-minute surprises before you officially receive the keys.
Review Your Closing Disclosure Carefully
A few days before closing, your lender will provide the Closing Disclosure (CD), which outlines your final loan terms, monthly payment, interest rate, and closing costs.
Review this document carefully and compare it with your original loan estimate. Pay close attention to:
- Loan amount and interest rate
- Cash needed to close
- Taxes and insurance
- Seller credits or concessions
- Escrow details
If something looks different than expected, ask questions immediately before closing day arrives.
Avoid Major Financial Changes
One of the most common mistakes buyers make before closing is changing their financial profile.
Avoid:
- Opening new credit cards
- Financing furniture or appliances
- Making large bank transfers without documentation
- Changing jobs or income structure
- Missing any bill payments
Lenders often perform a final verification before funding the loan, and sudden changes can create delays or even affect approval.
Complete the Final Walkthrough
The final walkthrough usually happens 24–48 hours before closing. This is your opportunity to confirm the property is in the agreed-upon condition before ownership transfers.
During the walkthrough, verify:
- Repairs were completed if negotiated
- Appliances and systems are functioning
- No unexpected damage occurred
- The property is vacant if required by contract
- Included items remain in the home
This is not a new inspection — it’s a final verification before closing.
Prepare Your Funds and Documents
Before closing day, confirm exactly how much money you need to bring and how the funds should be delivered.
Most closings require:
- A wire transfer or certified funds
- A valid government-issued ID
- Proof of homeowners insurance
- Any remaining lender documentation
Always verify wire instructions directly with your attorney or closing office to avoid wire fraud scams.
Confirm Utilities and Moving Plans
As closing approaches, coordinate utility transfers and prepare for move-in day.
Make sure to:
- Schedule utility activation
- Arrange movers or delivery services
- Update your address
- Confirm closing time and location
- Keep communication open with your lender and agent
Being organized during the final week can make the transition into your new home much smoother.
Frequently Asked Questions
Q: How many days before closing do buyers receive the Closing Disclosure?
A: Buyers typically receive the Closing Disclosure at least three business days before closing to review final loan terms and costs.
Q: Can buying furniture before closing affect my mortgage approval?
A: Yes. Financing furniture or opening new credit accounts can impact your debt-to-income ratio and potentially delay or affect loan approval.
Q: What should I check during the final walkthrough?
A: Confirm the home is in the agreed condition, repairs were completed, appliances work properly, and no unexpected issues are present before closing.
Q: How should I bring money to closing?
A: Most closings require a wire transfer or certified funds. Always verify instructions directly with your attorney or title company to avoid fraud.
Q: What happens if there is a problem during the walkthrough?
A: Depending on the issue, the parties may negotiate repairs, credits, or delays before the transaction officially closes.
By Alex Parmenidez, Broker Associate | Coldwell Banker Realty
Alex Parmenidez | Broker Associate Licensed in RI, CT, & MA | Coldwell Banker Realty
196 Waterman St, Providence, RI 02906
C: (401) 426-4825 | O: (401) 351-2017
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