May 13, 2021 at 3:57pm | Felipe Archibald Bugayong

Buyer Mortgage Approval and Clear to Close

At least 4 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 title search should be complete.  The settlement date is now confirmed.

Once a closing date, time, and location have been scheduled by the buyers & title, the buyer’s Realtor will schedule the final walk-through of the property.  This usually takes place the day of the closing for 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 MD all attached items such as shelving, light fixtures, curtain rods, etc. are required to stay and transfer with the property. The buyer checks that those items are still there as well and everything else listed in the contract.



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