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Search Deals on Preforeclosure Properties!
Buying?
- Buying Your Home
- Choosing the Right Home
- Consideration When Selecting a Home
- How Do I Choose the Right Neighborhood?
- Ready to Purchase
- What is a sellers' disclosure?
- What is homeowners' insurance?
- What does a homeowners' policy cover?
- Other types of coverage
- Flood Insurance/a>
- Earthquake Coverage
- Complete Risk Coverage
- Liability Coverage
- Personal Liability Coverage
- Personal Article Floater
- What are some of the additional costs of home ownership?
- What should I expect at closing?
- Closing Documents
- Closing Costs
- Moving Checklist
What should I expect at closing?
Once the contract has been completely negotiated, you are ready to close. During the real estate closing, property ownership transfers from seller to buyer. The deed is transferred to reflect the new owner. The location of closings can vary from state to state and may occur in any one of the following:
- Real Estate broker's office
- Lender's office
- Attorney's office
- Title Company
- Mortgage Broker
- Escrow Agent's office
Closing procedures may vary from state to state. For example, Florida and Georgia are known as "warm and fuzzy" states in that all parties to the transaction sit down together for the signing of documents to finalize the transfer of property. This is NOT the scenario in all states. The assistance of a real estate professional will offer the greatest amount of assurance for a closing to go smoothly. The buyer and seller must provide a legal form of identification:
- Driver's license
- Passport
- Military ID
- State Issued ID
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