CLOSING 101 The closing process finalizes the sale of your home and makes everything official. Also known as settlement, the closing is when the seller gets paid and the buyer receives the deed to the home.
Here are a few things to bring to the closing: • House keys • Garage door opener(s) • A picture ID
What can you expect? The closing agent will look over the purchase contract and identify what payments are owed and by whom; prepare documents for the closing; conduct the closing; make sure taxes, title searches, real estate commissions and other closing costs are paid; and ensure that the buyer’s title is recorded.
What are your costs? Sellers commonly pay the following at closing: • Mortgage balance and prepayment penalties, if applicable • Other claims against your property, such as unpaid property taxes • Unpaid special assessments on your property • Document stamps (or taxes) on the deed • Real estate commission • Legal fee or title insurance premium After the closing, make sure you keep the following for tax purposes: • Copies of all closing documents
WHAT OUR CLIENTS SAY We are so grateful to Garrett and the Carolyn Hoty team for helping us find and buy our dream home. We have nothing but positive things to say about Garrett. We appreciated his thoughtfulness, excellent communication, and advice during the whole process. We always felt he had our best interests at heart. It was also wonderful to work with Gina, who kept all the paperwork and procedural items organized and on-time. We would highly recommend Garrett (and, in fact, have already recommended him to friends). All our best to him and the team, looking forward to staying in touch. Betty J Garrett listened to my needs and persistently looked for the property that met my needs. He was thoroughly professional throughout the entire process of searching for the property, assisting in the process of making an offer, assisting on inspection and due diligence items, and then finally following through to closing and post-closing items. Dan F Carolyn and her team were consistently on the ball with communication, notifying us and meeting with us, seemingly at all hours, to make sure we wasted no time in selling and buying simultaneously. In addition to that, the advice and resources provided for preparing our house for sale was a huge help. John S We would like to highly recommend Carolyn Hoty as one of Portland’s finest Realtors. We found Carolyn through a local “on-line” Realtor finder service. Carolyn contacted us within minutes after we submitted our request. We interviewed several other Realtors before making our final selection and Carolyn was clearly superior to all of them. Carolyn really supported us throughout the selling process. She has a wealth of knowledge about the market and guided us with many ideas for how to prepare our home for sale. Choosing Carolyn as our Realtor was the best decision we could have made in selling our home. She sold our house within two days after listing it and her expert team closed the sale quickly and efficiently. We can’t thank Carolyn and her team enough. Many thanks from Milwaukie, Oregon Pat E Garrett Conn is hands-down the best buyer’s agent we could have asked for! In June 2020, my husband and I made the daunting decision to move out-of-state from California to Oregon AND buy our very first home! Fortunately, some friends in Portland recommended Carolyn Hoty’s team and we are SO GLAD they did! We are very grateful to Garrett for his hard work, diligence, patience and dedication to help us buy our dream home in Portland in just 4 weeks! Garrett was wonderful to work with! He and the rest of Carolyn’s team did everything possible to make our out-of-state home purchase as streamlined and stress-free as possible, which is no easy feat! He did a great job negotiating with the Sellers on our behalf to keep the purchase price and closing costs within our budget, and expertly navigated some other curveballs the Sellers threw our way, making sure they did not derail the purchase of our dream home! Molly F We were introduced to Garrett and his team via recommendation from a co-worker when we were entering the market as first-time buyers and our very first meeting went extremely well. Right from understanding our needs to patiently answering questions about anything related to the buying process, Garrett was with us every step of the way. We were impressed with his attention-to-detail, patience and expert-level communication. You know you’re in safe hands when you have an agent with these qualities. We were able to find a home we love in good time thanks to Garrett’s hard work and we absolutely recommend him and his team to anyone looking to buy or sell. Thank you and we look forward to working with you again! Sandeep K
