Closing on a property is one of the most exciting — and nerve-wracking — parts of a real estate transaction. It’s the final step where ownership officially transfers, but it’s also where small oversights can lead to big problems. From missing paperwork to title issues, even one mistake can delay the process or create costly legal complications. To help ensure a smooth and stress-free closing, here are the top mistakes to avoid during real estate closings — and how to prevent them.
1. Not Reviewing Documents Thoroughly
One of the most common mistakes homebuyers make is signing documents without fully understanding them. Closing packets include critical paperwork like the deed, Closing Disclosure, loan agreement, and title documents — all of which affect your rights and financial obligations.
Avoid this mistake:
Always review your closing documents in advance, and ask your title attorney or real estate lawyer to explain any unclear terms. A professional can spot errors or red flags that could cause legal issues down the road.
2. Ignoring Title Issues
A property’s title proves ownership, but unresolved issues — like liens, unpaid taxes, or ownership disputes — can interfere with your ability to legally own the home. Skipping or rushing the title search is a major mistake that could leave you with someone else’s debts or claims.
Avoid this mistake:
Hire a title attorney to conduct a thorough title search and resolve any defects before closing. They’ll also help you secure title insurance to protect against future, undiscovered problems.
3. Failing to Verify Financial Details
Closing involves several financial transactions — deposits, down payments, lender fees, and closing costs. Miscommunication or errors in the wiring of funds can delay the process or even result in wire fraud, a growing problem in real estate.
Avoid this mistake:
Double-check all payment instructions directly with your closing attorney or title company — never rely solely on email communication. Verify final amounts and confirm that all funds are sent to the correct escrow account.
4. Skipping the Final Walkthrough
The final walkthrough gives buyers one last chance to confirm that the property’s condition matches what was agreed upon. Skipping this step can result in unexpected repairs or missing fixtures after closing.
Avoid this mistake:
Schedule your walkthrough within 24 hours of closing and check that all agreed repairs are complete, appliances are functioning, and the property is clean and vacant.
5. Not Having the Right Professionals Involved
Many buyers try to handle closings on their own to save money, but this often leads to costly mistakes. Real estate transactions involve complex legal, financial, and title requirements that demand professional oversight.
Avoid this mistake:
Work with an experienced real estate attorney, title attorney, and real estate agent. Their combined expertise ensures that every detail — from contracts to deed filings — is handled properly.
Conclusion
The closing process is the finish line of your real estate journey, but it’s also where careful attention matters most. Avoiding these common mistakes — by reviewing documents carefully, resolving title issues, verifying funds, and working with trusted professionals — ensures a smooth and successful closing. With the right preparation and guidance, you can protect your investment and confidently step into your new property without worry.
This post was written by a professional at Kearney Law. At Kearney Law, we’re dedicated to delivering personalized legal guidance that puts your needs first. Whether you’re looking for an attorney for personal injury near you, a Real Estate Attorney in Brandon, FL, a probate attorney near you, or a title attorney near you, our team is ready to provide the focused representation you deserve. We recognize that every client’s situation is different, which is why we take the time to understand your case and craft strategies that align with your goals. With a commitment to protecting your rights and securing the best possible outcome, Kearney Law offers trusted legal support with the attention and care you won’t find just anywhere.
