You found an ideal home, you made an offer and the seller accepted. As your closing date approaches, you should know what to expect when you finally sign on the dotted line and take possession of the property.

According to the Ohio State Bar Association, these are the common components of a residential real estate settlement in Ohio.

Final walkthrough

Although this step actually happens 24 hours before settlement, it is a critical part of finalizing the home sale. At this appointment, you and your real estate agent will walk through the house with a copy of your contract to make sure the property matches the agreed-upon conditions. In general, the seller’s personal items should be out of the home, and all systems and appliances should be in good working order. If anything in the house is not as expected, your real estate agent will address the issue with the seller’s agent.

Closing costs

Your mortgage lender must provide a document called a closing disclosure at least three working days before the scheduled settlement. This declaration itemizes the final loan terms, closing costs and other funds changing hands with the sale. Compare the disclosure to your loan estimate and flag any discrepancies.

Prepare to pay up to 4% of the total cost of the home in closing costs, which includes appraisal fee, home inspection fee, attorney fees and other charges. You must bring a certified or cashier’s check to the closing to pay these fees unless your lender has rolled them into your mortgage or you have made arrangements for a seller credit.

Final paperwork

At the closing table, both you and the seller will sign legal documents that transfer the home into your name. The representative for the title company will issue a new deed for the property with your name.

In addition to the deed, you must also sign a promise to repay your mortgage and a settlement statement that documents the costs associated with the transaction. Make sure to bring photo identification to your closing. Ask your realtor or attorney if you do not understand anything that appears in your closing paperwork.