I have been asked by many Tomball TX home buyers what they will need to bring to a real estate closing. The first item that comes to mind is of course funds to close. I have had a few Veterans who did not have to bring funds to the closing table but not many. With the changes in the loan industry most 100% loans are gone so you will need some cash.
In a perfect real estate world a Tomball TX home buyer would receive the HUD statement the day before closing so you would have time to go over it before closing. Unfortunately real estate is not perfect; I can’t tell you how many times we get the HUD from the Title Company at the closing table. I honestly don’t know why it takes so long but it is a very complex process. Should that happen you can bring a check using the figures your lender have come up with from your good faith statement. Should you not bring enough money you can write a personal check to the title company for up to $1500. On the flip side if you bring too much money the Title Company will cut you a check for the overage.
© 2017 Houston Association of Realtors All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Real estate listings held by brokerage firms other than Results Realty are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2017-02-21.
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