After months of watching your new home come to reality, the time has come to prepare to close or settle on your new home. ICI Homes’ closing coordinators use the experts at Southern Title to prepare the documentation. Good communication on all sides is essential for an efficient closing process. This can be the most stressful time, but it’s also the most exciting time and being prepared is the key to a smooth closing.
Approximately thirty days prior to your closing, you will receive a Closing Letter from ICI Home’s Closing Department with your closing date and location. This notice contains necessary information needed to ensure a smooth closing. Should you be financing your new home, now is a good time to check with your lender to be assured you have met all of the conditions of your loan approval and that all is on track to meet the closing date.
Contact all local utility companies to start service in your name as of the closing date. If you have not yet contacted an insurance agent to acquire Homeowner’s Insurance, you should do so at this time. Your lender will normally require a twelve month prepaid policy in order to process your package for closing. Please be sure to get your insurance agent’s name and address to your lender as soon as possible.
On this important day, you’ll meet with the Title Agent to execute the closing documents and present your certified check for all funds due. It is the Title Agent’s responsibility to disburse all money to the appropriate parties and to record the necessary documents to protect the interests of you and your lender. Once signing is complete, you will receive a copy of the paperwork along with your keys, garage door opener, original survey (if applicable), termite treatment warranty, copy of the Certificate of Occupancy, and a number of other ‘builder’ materials. Your warranty deed and title commitment will be mailed to you in 4-6 weeks. The whole process usually takes about an hour. Once concluded, it’s official!
You are now the proud owner of your new ICI home! It’s finally time to move in. Take the first few weeks to note small “to do” items you may discover as you settle in and notify ICI Homes’ warranty department, who will be in touch to schedule time to complete any outstanding items on your list. Congratulations and welcome to the family of ICI Home Owners!