Your Complete Real Estate Guide
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2019-01-31 17:03:20
Step 14: Signing, Settlement & Closing
It's time to sign those closing documents. What should you expect?

If you are still in the area, we typically sign at the title office with the Title Officer. We will go through the documents as quickly or in as much detail as you wish. It is important that all is correct and understood.

If you have left the area and are not able to be at the office, we can make arrangements for where you can sign and have the documents notarized. That can happen at another title office, possibly a real estate office, or even a bank. PLEASE do let the Title Officer know ahead of time if you will not be here for settlement. You will then FedEx back the papers.

One of the documents you can expect to see is an Alta statement which Contract Housedetails the accounting for all the money involved in the sale. Others facilitate the transfer of the deed and title of ownership, taxes, confirmation of ID and signature, wiring instructions for you to receive the equity money, and disclosure of the title company's duties. There might be an HOA document, too. Also be ready to show the notary person your ID such as a driver's license. Once signed, the Title Officer will make a copy of them for you on a flash drive or in print. Hold onto those papers for when you do your annual taxes. Some of your moving cost may be tax deductible.

The buyers may or may not have signed yet, but soon they will. Then both title companies exchange paperwork and our title company receives the funds from the other title company and lender. Once received, our title company finished the recording process of putting the home in the buyer's name as well as wire the money to pay off your mortgage. Then the money is wired to the account you designated or you may have a check drawn up and pick it up. That is the completion of Funding and Recording. In other words, your home sale is closed and you no longer own the property.

Contract hands and houseIs it time to give the keys to the new owners yet? It depends. Possession of the home by the new owners is one of the negotiation points in the offer contract. Typically, it is 24 hours after closing (closing, NOT signing). Sometimes it is immediately upon closing and other times it can be longer or even leased back. So, it all depends on what we agreed to. I will be reminding you of that along the way so you are not caught by surprise.

So, what's left to do? Celebrate and start you new adventure in a new home and hopefully, write a few reviews from you. I would love to know honestly and openly what I did right and where I can do even better. I love my clients and want the best for them no matter what.

Thank you!

Thank you so very much for choosing me to help you in this journey. It was the opportunity of a lifetime!

Heather L Smith
Blog Archive
2019-01-31 17:03:20
Step 14: Signing, Settlement & Closing

2019-01-31 17:00:29
Step 11: Home Inspections, Appraisals & Possible Negotiations

2019-01-31 16:59:37
Step 12: Last Approvals & Clear to Close!

2019-01-31 16:58:56
Step 13: Final Walk-Through & Finishing Up

2019-01-31 16:00:47
Step 10: Behind the Scenes

2019-01-30 15:50:12
Step 9: We have an Offer! Is it Good? Bad? or Almost Great?

2019-01-30 14:06:53
Step 8: Showings & Open Houses

2019-01-30 12:02:39
Step 7: Safety Matters

2019-01-28 14:12:42
Step 6b: Marketing to Get Buyers

2019-01-28 11:23:09
Step 5: Prepping for Photos

2019-01-28 11:20:43
Step 3: Declutter, Deep Clean & Stage for Buyers

2019-01-28 11:20:27
Step 2: Selling AND Buying - Oh My!

2019-01-28 11:20:01
Step 1: Hiring a Realtor & Expectations

2019-01-28 11:17:53
Step 4: Pre-Listing Inspection. Yay or Nay?

2019-01-28 10:51:16
Step 6a: Marketing has Started!

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