Home Sale Closing
When you have reached an agreement on the sale of your home and entered into contract with a buyer, a target closing date will be set in accordance with their lender’s timeframe to process the loan and close (usually within 30 days for most federally related mortgage loans, special buyer programs may take longer). Buyer pre-approval (verified employment and credit score, etc.) can reduce the processing time required provided all documentation is complete and correct. A number of entities may be involved during escrow closing process including buyer and seller agents, real estate lawyers, title and lending representatives. All the terms of the contract must be met in order for the purchase contract to close and the official transfer of property to occur.
As a seller, closing costs can vary widely depending on the agreed selling price and terms of the deal you’ve negotiated with your buyer. Your realtor will prepare you for closing by explaining commissions due, fees for things like surveys or inspections, document preparation, recording and transfer taxes, etc.
Having a qualified real estate professional handle your paperwork during closing...
Depending on your selling situation, it may make sense to offer incentives to attract buyers.
Cash incentives can be...