Tag Archives: Closing Process

Selling a Home

What Does The Closing Process Involve When I Sell?

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As this video explains, a signed sales contract doesn’t mean your house is sold. There are still financial, contractual and legal steps for both sides.

The buyer has to get financing to meet the contract terms – which includes credit checks.

The property is inspected and appraised; title insurance and escrow accounts are set up while you locate new housing, pack and move. And take care of any obligations like painting or repairs. After the contract is signed, it can take a month or more of closing steps to reach the closing meeting.

So plan on that when you plan to sell.

Selling a Home, Title and Closing

What Do I Get At Closing?

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As we show you in this video:

  • The Closing Disclosure, which itemizes services provided and the fees charged; it must be given to you three days before closing.
  • A copy of your Mortgage Note
  • Your Mortgage or Deed of Trust
  • The Binding Sales Contract prepared by the seller; your lawyer should review it

And the keys to your new home!