Home Seller's Guide -v.3

Closing THE SALE

WHAT TO EXPECT Closing is the point in the transaction when the buyer, seller, and all participating parties have fulfilled their legal obligations to one another. The escrow officer will look over the contract to determine what payments are owed by who, prepare documents for closing, perform the closing, & make sure all payoffs are completed. Now the buyer’s title is recorded and you receive all payoffs that are due to you.

YOUR COSTS

SELLER COMMONLY PAYS: Mortgage balance & penalties (if applicable) Any claims against your property Unpaid assessments on your property Real estate agent commission Title Search Title insurance policy Home warranty WHAT TO BRING

SELLERS NEED TO BRING TO CLOSING: A government picture ID House keys Garage door openers Mailbox keys & any other spare keys AFTER CLOSING

KEEP COPIES OF THE FOLLOWING FOR TAXES:

Copies of all closing documents All home improvement receipts