Short answerYou get your Closing Disclosure at least three business days before closing. At the title company you sign the loan documents and the Indiana Sales Disclosure Form, which can also apply for the homestead deduction. You bring photo ID and your funds by wire or cashier's check. Once the deed is recorded and funds disburse, you get the keys.
Before closing
- Review your Closing Disclosure against your Loan Estimate.
- Confirm wiring instructions by phone with the title company at a number you already know. Wire fraud is real.
- Do the final walkthrough.
What to bring
- Photo ID for every buyer.
- Funds to close by wire or cashier's check.
- Proof of homeowners insurance if the lender has not received it.
Homestead deduction
If this will be your main home, mark the homestead section on the Sales Disclosure Form. Filed by December 31, it applies to taxes payable the next year. See Indiana property taxes and the homestead deduction.
Frequently asked questions
How much cash do I need at closing?
Your down payment plus closing costs and prepaid items, minus any credits. The Closing Disclosure shows the exact amount.
When do I get the keys?
Usually at closing, unless the purchase agreement gives the seller possession for a set time after.
Keep reading
Looking at a house and not sure what you are getting into?
Ask for a free Before You Offer review. Send me the listing. I look over the photos, the seller's disclosure, and recent sales, then flag likely condition issues and planning cost ranges before you write an offer.
Request a Before You Offer reviewOr call or text (812) 525-5489, or email [email protected].
The Before You Offer review is a REALTOR® and contractor review of the listing, not a home inspection. It is for buyers who are not already working with an agent. If you have an agent, please bring these questions to your agent.
Sources
- CFPB, Closing Disclosure explainer
- Indiana Administrative Code 50 IAC 24-4-3, homestead application on the sales disclosure form
Written by John Long, REALTOR®, 1 Percent Lists Indiana Real Estate. Working contractor who has priced hundreds of home inspection repair requests. Former labor relations negotiator for a major manufacturer and U.S. Coast Guard veteran.
John Long, REALTOR® · 1 Percent Lists Indiana Real Estate · (812) 525-5489 · yourpropertynegotiator.com
This page is general information, not a substitute for a professional home inspection, and not legal, tax, insurance, or lending advice. Ask a real estate attorney about contracts and disclosure, a CPA about taxes, your lender about loan rules, and a licensed inspector or tradesperson about your house. Nothing here guarantees a sale price, net proceeds, repair cost, payment, timeline, appraisal, inspection result, or loan approval. Cost figures are planning estimates, not bids. I own Wardmark Property Operations LLC, a contracting company. You are always free to use any contractor you choose.