A few days before the closing date, the buyer should get the Clear to Close from his or her mortgage lender.  This means the buyer’s mortgage has been approved and the attorneys can schedule the closing date.

Once a closing date, time and location have been scheduled by the attorneys, the buyer’s Realtor will schedule the final walk through of the property.  This usually takes place the day before closing and is a chance to make sure the property is still in the same condition it was  during the inspection and that we have fixed any agreed upon repairs.  In addition, in IL all attached items such as shelving, light fixtures, curtain rods, etc. are required to stay and transfer with the property so the buyer checks that those items are still there as well.  Once the closing has been scheduled, you should reach out to your attorney and arrange a time to pre-sign the documents.

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.