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Selling Process
Closing The Sale
The final stage in the real estate transaction is called
closing or “settlement”. This sometimes complex
procedure occurs when the parties submit the final
documents required to complete the sale according to the
terms of the contract.
Closings usually occur 30 – 45 days after you have
signed the sales contract. Prior or the day of closing,
the home’s buyer will do a “walk though” of the property
to make sure all agreed repairs are completed and that
the home is in the same condition as when the buyer made
their offer.
A day or two before closing, you will receive your
estimate closing statement or HUD-1 statement. This
document summarizes all funds received or/and paid by
both buyer and seller for expenses of the transaction
(loan payoffs, fees, liens, property taxes etc.). The
deed will be transferred and insurance will be issued
insuring a free and clear title. As seller, you will
receive the proceeds of your home within two business
days after the closing.
If you're not currently working with a real estate
agent, please call or
e-mail me.
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