Real Estate 107 – Closing (Florida Version)
You made it!!!
That wasn’t so bad, right? Aren’t you glad you were prepared? Let’s wrap up your final steps before you officially become a Florida homeowner!
Who handles the closing in Florida?
In most Florida real estate transactions, the **title company** handles your closing, not a closing attorney like in some other states. They prepare documents, issue title insurance, and disburse funds after all conditions are met. If you ever want your own legal review, you’re welcome to hire a real estate attorney separately — just know that’s not standard in most transactions.
What do I bring to closing?
Anyone signing documents needs to bring a **government-issued photo ID** (like a driver's license or passport). Some title companies will also ask for your Social Security card or second form of ID for identity verification — they’ll let you know in advance.
What if I can't be present?
Let your agent and title company know ASAP. You may be able to do a **mail-away closing** (with documents overnighted and notarized), or a **Power of Attorney** (POA) may be an option — but it must be reviewed and approved in advance. Don’t wait until the week of closing to handle this!
If I have to bring money to closing, how does that work?
🚫 NO CASH OR PERSONAL CHECKS ALLOWED.
All funds must be either a **wire transfer** or a **certified bank check**, and you’ll get instructions directly from the title company. BEWARE OF WIRE FRAUD — never trust wire instructions sent by email alone. Always verify over the phone with the title rep at a known, trusted number before sending anything.
Your **lender** will give you a final closing disclosure showing exactly how much you’ll owe. If you haven’t received it by the afternoon before closing, contact your lender or agent immediately. If you’re paying cash, the title company will send you a breakdown.
When do I get the keys?
You’ll get the keys **after the title company receives and disburses funds.** That could be a few hours after you sign, especially if your closing is scheduled early in the day. Don’t assume that signing means you can move in immediately — always confirm with your agent when funding is complete.
Final Florida Reminders:
- File for your Homestead Exemption: This can reduce your property taxes significantly! Visit your local property appraiser’s office or website to apply. The deadline is usually March 1 the year after closing.
- Activate your insurance: Your hurricane, wind, and flood policies (if applicable) need to go into effect **on or before closing day** — your lender will confirm this.
- Set up your utilities: Some companies require a signed closing disclosure or proof of ownership before they’ll transfer service. Handle this ASAP so you're not moving into a dark or hot house.
- Forward your mail and update addresses: Don’t forget the DMV, banks, subscriptions, and your voter registration!
If all goes as planned — CONGRATULATIONS! 🎉 You are now a homeowner in the Sunshine State! We’re honored to have helped you through it.
If your agent did a great job, we’d love your honest review online. Referrals and reviews are the heartbeat of small real estate businesses. And when you’re ready for your next move — whether upsizing, downsizing, or investing — we’ll be here to help again.