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Preparing for the Sale of a Home? Please read through the outline below to familiarize yourself with our closing process.
1. Pre-Closing Preparation
Before we can facilitate the sale of your home, we will need to collect some information about you, and have you authorize the payoff and settlement of any loans you have taken out against the property. Please fill in the Seller Closing Forms.
2. Closing Day Process
A. Arrive at the scheduled closing time (preferably 5-10 early!) and let our staff know you’ve arrived by ringing the bell in the waiting room next to our Dutch door.
B. Our attorney will guide you through your closing documents, answering questions as needed. After about 10-15 minutes, your paperwork should be finished.
C. Then, the Buyers will be shown into the conference room to meet briefly, for about 5 minutes, should they have any questions about the property for you. Subjects typically discussed are keys, utilities, garbage days, codes for alarms, etc. Meanwhile, our attorney will make copies of your documents. We encourage the parties to provide each other with their phone numbers to allow for further discussion after closing, if necessary.
D. You will then be provided with copies of your closing documents, and given a quick overview of the transaction before being sent on your way. You will not need to wait for the buyers to finish their paperwork before leaving.
3. Finalizing The Transaction
After you leave, we will set about getting funding authorization from the Buyers’ mortgage lender, should they have one. Once we have funding authorization, we will record the deed at the registrar of deeds office. Once that is done, we are legally permitted to disburse the money. Shortly thereafter, we will mail, wire or call you to pick up your check at our office for the proceeds from the sale. It is up to you!