Signing and Closing

Signing and Closing We can see the sold sign coming

Often, the buyer will want to re-inspect the home to review that agreed upon repairs were completed in accordance with the repair addendum before moving to closing. A walk through of the home, close to the closing date, often occurs as the Buyer is taking a look to ensure condition of the home is as expected.

We are getting closer to the finish line now! We will be working with the escrow office and Buyers’ agents to make sure everyone is on track to close your sale on time.

Signing Closing disclosures (CD) will be provided by the title company at least three days before closing. The CD will contain costs associated with the transaction, including the exact dollar amount. As a Seller, you will be able to sign sale documents usually a week or so before the closing date. Typically this will occur at the title company, although mobile notaries are available if you are out of the area or unable to come into the escrow office. Buyer and Seller will sign their documents at different times. Allow an hour for signing and bring a valid ID and wire transfer routing information. The title officer will explain the document and review the settlement statement with you, which breaks down all the charges and debits

Funding/Closing Once the title company receives funding from the lender and buyer, the lender authorizes the title company to release the property to record with the county. Each county varies, but usually properties record between 1-5 pm. Once the property records, it is considered closed.

Often, the buyer receives the keys and possession at 5 pm on the day of closing. The Seller may have possession of the home for several days after closing, if negotiated, to allow time to receive funds from the sale and close on the purchase of a new home, as well as get moved out of the home you are selling. Earlier time to obtain possession maybe be able to be negotiated on the sales agreement.