What’s Included in Closing Day, and How Should I Prepare?

After weeks (or months) of searching, negotiating, and signing, closing day is where it all comes together. But even seasoned buyers are surprised by how much happens in those final few hours.

In Lubbock’s home market, the closing process is straightforward—when you know what to expect.

Here’s what “closing” really means:
It’s the legal transfer of ownership from seller to buyer. You’ll sign final documents, fund your loan, and officially take possession of your new home. The title company acts as the neutral third party overseeing the process, making sure everyone gets what they’re owed.

Here’s what’s included on closing day:

1. Final Closing Disclosure: You’ll receive this at least three days before closing. It outlines every cost—loan amount, interest rate, taxes, insurance, and fees. Review it carefully and ask questions early.

2. Settlement Appointment: This usually happens at the title company. Bring your ID, any required funds (usually wired ahead), and be ready to sign a thick stack of papers.

3. Funding: Once all signatures are complete and your lender wires funds, the title company releases money to the seller, pays off any existing liens, and records the deed with the county.

4. Keys & Access: Only after funding is confirmed will you officially receive your keys—usually later that day.

Typical closing costs in Lubbock range from 2% to 4% of the purchase price and include title fees, loan charges, taxes, and insurance reserves.

To make your closing smooth:

• Avoid large purchases or credit changes before closing.

• Double-check your wire instructions directly with the title company (fraud is real).

• Confirm utilities are scheduled to start in your name the day of or after closing.

• Do a final walkthrough 24 hours before to ensure repairs are complete and the home’s condition matches the agreement.

For my clients, I’m present or available during closing to explain anything unclear and ensure no last-minute surprises. Sometimes it’s celebratory—sometimes it’s emotional—but it’s always meaningful.

Closing day isn’t just paperwork—it’s a milestone.

You’ll walk out with keys in hand, a grin that won’t quit, and a sense of ownership that makes every signature worth it.

— Insights from Tess Hernandez, Realtor | Reside Real Estate