Closing

SELLERS

Closing

The Closing Agent

Closing will usually be completed by either a title company or an attorney. Closing agent is usually determined by the seller, though it is a negotiable factor in a purchase and sale agreement.

One of the most important roles of a closing agent is to ensure clear title to the real estate. After researching the complete recorded history of the home you are selling, they will certify that the property is free of all encumbrances (mortgages, leases, restrictions or liens) at the time of closing. They will also certify that any new encumbrances are duly included in the title.

Final Walk Through Inspection

It is best to always to a final “walk-through” inspection of the home your are buying prior to closing. The time of this last walk-through will be stated in the purchase and agreement. Although this final walk-through is generally just a formality, it is important to do to ensure everything is in working order, and that the house is in the same (or better) condition from when the buyer last saw it, and that you have not left any personal items behind.

Cancel Utilities and Home Services

I will provide you a contact list for the utility companies and local service provides.

Relax

It is not uncommon for a last minute glitch to arise in the closing process. Perhaps a closing document was not property prepared or one of the parties failed to sign a page. Whatever the incident, trust that I will be available and ready to help handle them efficiently and effectively, and in a stress free manner.

Successful Closing

The closing agent will provide all parties involved with a settlement statement, which summarizes and details the financial transactions enacted in the process. Both you and the buyer(s) will sign this statement. Please verify its accuracy prior to signing. If you are unable to attend the scheduled closing, then arrangements can often be made for you to meet and sign with a “mobile” closing agent. 

If you are receiving funds from the transaction, you can elect to either have the funds wired electronically to an account at your financial institution, or have a check issued to you at the closing. The seller should arrange to have all property keys and any other important information for the buyer(s) at the closing, so that they may receive these items at this time.

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