5 Things Every First-Time Buyer Should Know About Closing

Buying your first home is exciting, but let’s be honest, it can also be a little overwhelming. Between finding the right place, getting your financing lined up, and keeping track of deadlines, the process can feel like a whirlwind. And just when you think you’ve reached the finish line, the “closing process” begins.

At Acorn Title, we specialize in making closings smooth, simple, and stress-free, especially for first-time buyers. So if you’re about to close on your very first home, here are five things you’ll want to know (that most people don’t explain until it’s too late).

First, the closing is more than just a day, it’s a process. Many buyers assume the closing is a single meeting where documents are signed and keys are handed over. While that is the final step, the process actually begins once your offer is accepted, and a contract is signed. From that point on, title searches, inspections, appraisals, loan processing, and document prep all begin behind the scenes. Your closing is the grand finale, but there’s a lot that happens to get you there.

Second, your title company is your behind-the-scenes partner. Most first-time buyers aren’t familiar with what a title company does, but we play a critical role in making sure your purchase is legitimate, secure, and properly recorded. We examine public records, resolve any legal hiccups (like liens or unpaid taxes), prepare closing documents, and handle the transfer of funds. We’re the silent force making sure everything stays on track and above board.

Third, title insurance is a one-time cost that protects you long-term. One of the most misunderstood parts of closing is title insurance. You’ll likely be required to purchase a lender’s policy, but we highly recommend getting an owner’s policy as well. It’s a one-time payment that protects your property rights for as long as you own your home, covering things like undiscovered claims, recording errors, or fraudulent transfers in the property’s history.

Fourth, review your Closing Disclosure carefully, then review it again. You’ll receive your final Closing Disclosure at least three business days before closing. This document outlines all your closing costs, loan terms, taxes, and insurance. It’s your chance to catch mistakes, ask questions, and ensure everything looks right before signing day. At Acorn, we’ll walk you through every line if needed, we want you to close with confidence.

Finally, expect to bring a few things on closing day. Most closings happen at the title company office or a mutually agreed location. You’ll need a government-issued ID, any remaining down payment (usually in the form of a cashier’s check or wire), and a calm mind. We’ll take care of the paperwork and explain anything you’re unsure about. After everything’s signed and sealed, we’ll officially record the deed, and hand over the keys.

Buying a home for the first time can feel like a lot, but it doesn’t have to be confusing. At Acorn Title, we believe the best closings come from clear communication and people who care. If you ever have questions, we’re just a call or email away.

Welcome to homeownership. We’re honored to be part of your journey.

📞 (210) 465-3033

📧 info@acorn-title.com