Closing Process

Step-by-Step Guide to Closing a Home Sale

Step 1: Accept an OfferThe buyer and seller agree on price and terms.Step 2: Open EscrowFunds and documents begin moving through the closing process.Step 3: Complete InspectionsThe ...

What Happens After the Offer Is Accepted?

After both the buyer and seller sign the purchase agreement, the transaction moves into the "under contract" phase.Typical Next Steps:Earnest money is deposited.The buyer schedules ...

What Is Escrow?

Escrow is a process in which funds and documents are held by a neutral third party until all conditions of the sale have been satisfied.Escrow Helps:Protect buyers and sellersEnsur ...

What Happens During a Title Search?

A title search is conducted to verify ownership of the property and identify any issues that could affect the transfer of ownership.A Title Search May Identify:Existing liensUnpaid ...

What Closing Costs Should Sellers Expect?

Closing costs vary by location and transaction type.Common Seller Closing Costs May Include:Title-related feesRecording feesAttorney fees (where applicable)HOA transfer feesPropert ...

Understanding Escrow and Title Companies

Title CompaniesTitle companies help verify ownership and prepare the transaction for closing.Their responsibilities may include:Conducting title searchesIssuing title insuranceCoor ...

Seller Closing Costs Explained

Many sellers focus on the sales price but forget to budget for closing costs.Potential Seller Expenses Include:Outstanding mortgage payoffProperty tax adjustmentsHOA feesAttorney f ...

How Long Does Closing Take?

The closing timeline depends on several factors, including financing, inspections, title work, and contract terms.Typical Closing Timeframes:Cash transactions may close in as littl ...

What Should I Do Before Closing Day?

Complete Any Required RepairsFinish any agreed-upon repairs before the final walkthrough.Gather Important DocumentsKeep copies of contracts, disclosures, and closing paperwork read ...

Final Walkthrough: What Sellers Should Expect

Most buyers perform a final walkthrough shortly before closing.Purpose of the Walkthrough:Verify the home's conditionConfirm agreed-upon repairs were completedEnsure the property i ...

What Can Delay Closing?

While many transactions close on schedule, delays can occur.Common Causes of Delays:Financing issuesLow appraisalsTitle problemsInspection disputesMissing paperworkIncomplete repai ...

Common Closing Delays and How to Avoid Them

Financing DelaysEnsure requested lender documents are provided promptly.Inspection IssuesAddress repair negotiations quickly.Title ProblemsProvide requested documents as soon as po ...

Closing Process: Quick Tips

Do:✔ Stay organized throughout the transaction✔ Meet contract deadlines✔ Respond promptly to requests✔ Review documents carefully✔ Communicate with all parties involvedDon't:✘ Igno ...

Closing Day Checklist for Sellers

✔ Review final closing documents✔ Bring valid identification✔ Provide keys, garage remotes, and access codes✔ Confirm utility transfer dates✔ Verify mortgage payoff information✔ Ke ...