Settlement day is the culmination of weeks, if not months, of hard work in buying or selling a home. It’s the day when all the paperwork is signed, the funds are transferred, and the keys are handed over to the new owner. For both buyers and sellers, settlement day can be a nerve-wracking experience, but with proper preparation, it can also be a smooth and stress-free process. In this blog post, we’ll go over some tips on how to prepare for settlement day with Loretta Starck, a trusted real estate agent from RE/MAX Elite in Bucks County, Montgomery County, and Philadelphia.

Double-Check the Settlement Statement

Before settlement day, you should receive a settlement statement from the title company or attorney handling the closing. This statement will outline all the fees associated with the transaction, including closing costs, taxes, and any other charges. It’s essential to review this statement carefully to ensure that all the information is accurate and that you understand all the fees associated with the transaction.

Loretta advises clients to double-check this statement as soon as they receive it and to reach out to her or the title company with any questions or concerns. It’s much easier to resolve any issues before settlement day than to try to fix them on the day of closing.

Organize Your Documents

In the weeks leading up to settlement day, you’ll likely receive a flurry of documents related to the transaction, including the contract, inspection reports, and loan documents. It’s essential to keep these documents organized and easily accessible on settlement day.

Loretta suggests creating a folder or binder specifically for settlement day documents and keeping it in a safe, easily accessible location. This way, you’ll have everything you need at your fingertips and won’t waste time searching for crucial documents.

Set Aside Time for Settlement Day

Settlement day can take several hours, depending on the complexity of the transaction. It’s essential to set aside enough time on settlement day to avoid feeling rushed or overwhelmed.

Loretta advises clients to block out the entire day on their calendar and to avoid scheduling any other appointments or commitments. This way, you’ll have the flexibility to take as much time as you need to complete the closing process.

Plan for Payment

On settlement day, you’ll need to bring funds to cover any closing costs or fees associated with the transaction. This could include wire transfers, cashier’s checks, or personal checks.

Loretta recommends working with your lender or title company to determine the exact amount of funds needed and to make arrangements for payment. It’s crucial to ensure that you have the funds available in advance and that they’re easily accessible on settlement day.

Get Ready to Sign

Settlement day is primarily about signing paperwork. You’ll need to sign a variety of documents, including the settlement statement, mortgage documents, and deed.

Loretta advises clients to review these documents carefully before signing and to ask questions about anything that’s unclear. It’s essential to understand what you’re signing and what your obligations are under the terms of the agreement.


Finally, after all the paperwork is signed and the funds are transferred, it’s time to celebrate! Whether you’re buying or selling a home, settlement day marks the end of a long and often stressful process. Take the time to enjoy the moment and reflect on all the hard work that went into getting to this point.

Preparing for settlement day may seem overwhelming, but with the right guidance and preparation, you can ensure a smooth and successful transaction. From gathering necessary documents to understanding the settlement statement, Loretta Starck from RE/MAX Elite has provided you with the ultimate guide to prepare for settlement day. So take the time to prepare, ask questions, and trust in your team, and you’ll be celebrating the sale or purchase of your property in no time!