Maryland's Property Team

Step 9- Settlement

10 Step Guide to Home Buying

  • At the end of settlement, you will own your new home!
  • Notify you of what to bring to settlement
  • Funds needed to close
  • Do not wire funds without calling and verifying instructions with the title company!
  • Photo ID- needed to verify your identity
  • Checkbook- just in case
  • Copy of homeowner's insurance policy and payment
  • The settlement company’s responsibilities
  • Prepare all documents to transfer title
  • Deed
  • Settlement sheet
  • Witness all parties signing of documents
  • Exchange all necessary funds
  • Provide all parties with copies of the settlement documentation
  • Ensure that the title is properly recorded in the local records office along with any mortgage liens
  • When all documents are signed & funds exchanged, the home is YOURS!!!
  • Receive keys and possession of property! 
  • Keys
  • Mailbox access details
  • Garage remotes
  • Warranties
  • Manuals
  • Service contracts
  • Anything else that transfers with the sale


Next: Step 10- Turning Your House into Your Home