You should know that closings are often delayed for several days, so you should not be alarmed if the process is held up or postponed due to one or more details not being complete on time. Working with a real estate professional will decrease the number of delays. However, most contracts will automatically allow the buyer to extend the closing date up to seven days if financing has not been finalized.
The closing itself is the signing of all the legal documents as well as the financial documents to complete the real estate sale. You will meet with the buyer, the buyer’s agent and your own real estate agent at the closing attorney’s office. Remember, the closing attorney represents the lender, not you or the buyer. The closing process will take forty-five minutes to an hour. It is important to review all papers you sign to ensure accuracy.
When you leave the closing attorney’s office, you will have sold your home. Now, you have the amount of time specified in the contract to move.
You have just sold your home. Congratulations! After you celebrate, you will want to do the following items:
|Pre-Closing & Closing Checklist for Sellers||Checklist For Closing On Your Home|
|Selling & Buying Checklists||Selling with a REALTOR|
|Home Sellers' FAQ||For Sale By Owner FAQ|
|Selling Process||The Closing|
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