Paperwork is critical to closing a property deal. Despite there being a stack of papers filled with complex legal terms and jargon, you should read all of it yourself. If you don’t understand something, consult a real estate attorney. Your agent will also be helpful in making sense of any...
So that you don’t buy a home with faults that will lead to unforeseen expenses, ahome inspection is vital. They should uncover hidden problems that will otherwise be your responsibility when closing is completed unless negotiated into the home sale. Depending on the loan program you choose, re...
On closing day, you’ll pay any outstanding fees or remaining closing costs as listed in your Closing Disclosure. The seller will sign paperwork to document the transfer of property ownership. You’ll then be required to sign a settlement statement with all listed fees relating to the home sa...
On closing day itself, the homebuyer must sign a lot of paperwork that finalizes the deal. Often, many other parties are present for closing day, including the seller, the lender, real estate agents, the closing agent and an attorney who will review the paperwork being signed. ...
When a home seller can't appear on closing day,often paperwork can be signed a day in advance of the closing date. Then the proceeds from the sale can be wired to the seller when the transaction is complete. What happens if seller doesn't show up at closing?
The closing costs for a mortgage include all of the expenses related to applying for the loan and finalizing a real estate sale. Some of the costs are related to the property, while others are related to the mortgage lender’s services and the paperwork involved in the transaction....
Closing costs are unavoidable fees you pay in the process of buying or selling a home. Here’s what to expect, plus tips for how to lower the cost.
A closing agent doesn’t work for the buyer, seller, real-estate agent, or lender. Instead, he handles paperwork and activities required for each party to a real-estate sale/purchase. For example, a closing agent request copies of such documents as the sale contract and termite inspection fr...
Our team of experts are committed to providing home sellers with clear communication, consistency, and personalized service throughout the escrow process. But the exciting process of selling a home involves so much more for the homeowner. The checklist b
For buyers, closing represents the final step of thehome buying process. It's when you sign the paperwork needed to complete the transaction, pay the down payment and closing costs, and get the keys to your new house. But what does it mean to "close" on a home? What happens on closin...