The Closing Process

Once you have found the home of your choice, there are several additional steps to close the sale after the purchase and sale agreements have been signed.

Step 1 - Removing contingencies: The most common contingencies that buyers include in an offer are financing, home inspection, and the sale of their current home. These conditions must be removed or waived before the sale can proceed.
Step 2 - Appraising the property: The lender requires a formal appraisal to confirm the value of the home. This is used as a basis to secure the loan.
Step 3 - Preparing closing documents: Most often attorneys prepare documents that confirm the transaction, prorate funds, and so on.
Step 4 - Signing closing documents: Even after both parties have signed closing documents and deposited funds, the sale may take a few extra days to close.
Step 5 - Recording the deed and disbursing funds.
Step 6 - Welcoming the moving van.
Step 7 - Receiving the keys to your new home!

There are many opportunities for surprises or delays in a transaction. Part of my expertise is troubleshooting problems that arise during the closing. Please email or call me if you have any questions or would like more information.