What Happens at the Real Estate Closing?

It is finally here! Closing day. By the time closing day arrives it is hoped that all of the requirements of the contract have been fulfilled, and that all sale & loan documents have been prepared. All parties are notified of the date. The purchaser should know the exact amount of money to bring to the closing and should bring the money in the form of a money order or cashiers check.

When the closing begins all parties will be introduced to one another. The closing will start with the explanation of all documents to be signed by the seller and purchaser. The seller and purchaser should receive copies of all of the documents while they are being explained. One of the most interesting documents is the closing statement. The closing statement outlines all of the closing cost and where the money is to be distributed. The seller will be interested in making certain that all liens and prior debt on the property is being paid off and will want to make sure that the money is allocated properly.

After all documents have been signed, witnessed, and notarized checks have been cut, the closing is finished.

Purchase a Closing Statement $4.99