Closing a Home Sale – When selling a house, many important details are worked out during the closing process. Find out how to close a home sale and what title insurance is.
Closing Items for All Purchases-Cash Deals or Loan Transactions. Whether or not you have a lender, you may need to provide documents to the escrowee. These usually serve to comply with the terms of the escrow or help the title insurer clear the property title of liens or other defects that could affect your ownership.
Final Documents Needed To Close the Deal. Most Recent Tax Statement You must provide property tax receipts to calculate any outstanding property taxes you owe on your house so the buyers can estimate the cost of taxes on their new property at the time of closing.
· What to bring to closing. Your key to the home to give to the closing attorney or your real estate agent to hold until the home is on record. Any final utility bills to be paid or collected on. For example, if you have public water you’re going to need.
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What to expect at the closing. If everything goes smoothly, it usually ends with a toast and a new set of keys. The closing is when the buyer and seller sign the papers officially sealing the deal, and ownership of the property is transferred. It’s also your last opportunity as the buyer to make any final changes to the transaction.
Here’s a rundown of what to expect when you close on your new home and what you need to bring to your real estate closing.. If you are closing electronically on a house in another part of the country, there is a chance you won’t see the settlement statement in advance. Review everything.
What you’ll bring to closing The deed, if your home is paid off A valid, state-issued photo ID like a driver’s license or passport A certified check if required in the amount requested by the escrow officer The keys and security codes, if possession of the house is granted at closing. What you’ll sign
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