What Happens at a Real Estate Closing in Pocatello, Idaho?

Closings in Pocatello

Pocatello closings are coordinated by one of five title companies filing in Bannock County. Idaho does not require attorney involvement. The process is straightforward and typically completed in a single appointment.

Before Closing

Closing Disclosure: Received at least three business days before closing per federal law.

Final walk-through: 24–48 hours before to verify condition and completed repairs.

Funds: Wire transfer or cashier’s check — verify wire instructions by phone with the title company.

Closing Day

The escrow officer explains and guides signing of all documents. Buyers sign the note, deed of trust, disclosure, and lender forms. Sellers sign the warranty deed and settlement statement. Plan for 45 to 90 minutes.

After Signing

The title company sends the package for lender funding. Upon receipt of funds, the escrow officer pays off the seller’s mortgage, distributes proceeds, pays fees, and records the deed with the Bannock County Recorder. Recording: $15 deed + $45 mortgage (Idaho Code § 31-3205).

Costs at Closing

All five Bannock County companies charge $3.00/thousand per Idaho DOI 2025 Filed Rates — five title companies. Owner’s policy (seller pays) and lender’s policy (buyer pays) are issued with a $100 simultaneous issue discount. No transfer tax in Idaho.

Tips

Bring photo ID and closing funds. Don’t change your financial situation during escrow. Review the Closing Disclosure carefully. Have homeowner’s insurance arranged before closing day.