Buyers

Purchasing or Refinancing a property can be stressful or overwhelming – but it should be exciting.

BMW Closings will work hand in hand with you and your agent and lender to make sure that the process is handled as smoothly and efficiently as possible – keeping you informed throughout. As the buyer/borrower you always have the legal right to choose your closing attorney.

The Closing Process

Home Purchase - Before Closing

Once there is an accepted offer, the agent, or purchaser will need to provide the lender (if applicable) and our team with a copy of the complete agreement including all exhibits.
Once the lender receives the contract and any additional information they have requested from you, they will send us a title request with the basic information about this loan.
Between the time you receive the accepted offer, and the closing date, your lender will be requesting multiple documents. It’s important to provide your lender with all requested information in a timely manner.
As your closing attorney, we will send our buyer/borrower information sheet (link) with helpful information for you, as well as a form for you to fill out and return.
We perform a title examination and address any issues, clearing them before closing.
At least three business days prior to closing you will receive the preliminary Closing Disclosure from your lender. Please review this closely with your agent and loan officer to make sure that the figures are correct and that your name is spelled correctly.
At least 24 hours prior to closing be sure any funds necessary to close.
1. Funds greater than $500 must be in the form of certified funds.
2. Funds $5000 or more must be sent to our escrow account via wire.
3. Before you wire your funds for closing, call our office to verbally verify the wiring instructions so that they are securely sent to the right place.

Refinance - Before Closing

Once you start the application process, the lender will send us a title request.
We perform a title examination and address any issues, clearing them before closing.
At least three business days prior to closing you will be provided the preliminary Closing Disclosure from your lender.
Please review this document closely with your loan officer to make sure that the figures are correct and that your name is spelled correctly.
At least 36 hours prior to closing be sure to send any funds necessary to close.
1. Any funds greater than $500 must be in the form of certified funds.
2. Funds $5000 or more must be sent to our escrow account via wire.
3. Before you wire your funds for closing, call our office to verbally verify the wiring instructions so they are securely sent to the right place.

Day of Closing

Bring the following to closing:
- Two forms of identification
- Check book
- All borrowers
- Original power of Attorney
Expectations at closing:
- You will have to review and sign anywhere from 75 to 200 pages.
- It can take anywhere from 45 minutes up to 2 hours.
- Once complete you will receive the keys to your new home

Buyer Checklist

What Does the Buyer Bring to the Closing?

Yourself and your fellow debtor(s)
Anyone included on the purchase and sale agreement must be present at the closing, unless you have executed a Specific Real Estate Power of Attorney and we have the original copy or it is brought to closing.
A valid Photo ID (ex: Drivers’ License, Passport, or Military ID)
Each borrower must provide a valid ID at closing. The title companies require us to obtain a copy of your ID just to make sure that you are the actual person executing documents in your name.
Your Homeowner’s Insurance Policy
The lender requires us to remit to them a copy of your homeowner’s insurance policy at the closing. Your insurance agent should provide you with a copy to bring to the closing. The documents may also be available on your insurance company’s website. Without a copy of your policy, closing cannot be completed.
Termite Letter
Most lenders will require a termite letter to be completed within 30 days of closing before the buyer’s loan is funded. The Georgia Association of Realtors contract makes the termite letter the Buyers’ responsibility. You must bring the original termite letter to closing, but we ask that you provide us a copy so that we may review it before we get to closing.
Certified Funds
It is likely that you will be required to bring funds to closing. If the amount for closing is less $5,000 or more these funds must wired to our escrow account. Any funds greater than $500 must be in the form of certified funds. Funds $5000 or more must be sent to our escrow account via wire. Before you wire your funds for closing, call our office to verbally verify the wiring instructions so they are securely sent to the right place. We will be able to provide you with the exact amount you should bring to closing as soon as the final closing instructions have been received from your lender. This will usually occur somewhere between 1 to 3 days before the closing. If you prefer to obtain your funds before that time and do not know the exact amount, it is usually best to obtain funds in the amount provided by your loan officer in your Loan Estimate. If you bring an amount to closing that is over the amount required, we will provide you with a check for the difference. If the amount you bring is less than the amount required, you may supplement it with a personal check up to the amounts listed above.