Closing
Closing Process Guide
Understanding closing costs and what happens on closing day so you can walk in prepared and confident.
30–45 Days
Typical Closing Timeline in DE • PA • MD
1–3%
Typical Earnest Money Deposit
3–7 Days
Typical Home Inspection Window
Same Day Keys
After Recording
Our Approach
A Seamless Closing Experience
Closing is the final step — the day you sign the paperwork, funds are transferred, and you officially become the owner of your new home. While it can feel like a lot of paperwork, knowing what to expect makes the process straightforward and even exciting.
Coordinate every detail before closing
Walk you through every document
Ensure no surprises on closing day
Trusted title company partnerships
Costs Breakdown
Understanding Closing Costs
Closing costs typically range from 2-5% of the purchase price. Here's what they include:
Lender Fees
- Loan origination fee — A fee charged by the lender for processing your mortgage.
- Appraisal fee — The cost of having the property professionally appraised.
- Credit report fee — A small fee for pulling your credit report.
- Discount points — Optional fees to lower your interest rate.
Title Insurance
Protects you and your lender against any claims about the ownership of the property.
Transfer Taxes
Transfer taxes vary by state. In Delaware it's typically 4% (split). In Pennsylvania it's 2% (split). In Maryland, both transfer and recordation taxes apply.
Closing Day
What Happens on Closing Day
Click any step to learn more about what to expect.
Step 01
Final Walkthrough
Confirm the property is in agreed-upon condition.
Step 02
Review Closing Disclosure
You'll receive this at least 3 business days before closing.
Step 03
Sign Documents
Sign your mortgage documents and legal paperwork.
Step 04
Pay Closing Costs
Bring a cashier's check or arrange a wire transfer.
Step 05
Receive Your Keys
Sign, celebrate, and get your keys!
What to Avoid
Tips for a Smooth Closing
Don't make large purchases
Avoid buying a car, furniture, or anything else on credit between pre-approval and closing. This can affect your loan.
Don't change jobs
Lenders verify your employment right before closing. Changing jobs can delay or derail your loan.
Respond quickly
Your lender and title company may need additional documents. Responding promptly keeps things on schedule.
Ask questions
If anything on your closing disclosure doesn't look right, ask about it before closing day.
Continue Your Home Buying Journey
Ready to Start Your Home Search?
If you're thinking about buying a home in Delaware, Pennsylvania, or Maryland, The Hoesterey Group would love to help guide you through the process. Reach out today and let's talk about your goals.
Need to sell first? Learn about our seller services