Home Sellers Guide - The Purchase Contract and The Closing

Home Sellers Guide - The Purchase Contract and The Closing - DwellWell

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DwellWell’s Home Sellers Guide

The Closing

Just before the closing - usually the morning of - the buyer will do a final walk-through of the home to make sure it's still in at least as good a condition as it was when the sales agreement was signed.

The closing involves the formal transfer of the title of the property from the seller to the buyer and the signing of all the final legal documents that execute the sale of the home. The closing is attended by you, the buyer, the closing attorney (usually the buyer's attorney), your attorney, and in some instances a representative of the lender.

Your attorney's role is to make sure you understand the documents you will sign. These documents have been prepared either by your attorney or the buyer's attorney.

Usually, the first document you'll see is the closing statement. This document details all of the closing costs and adjustments between you and the buyer. Your attorney will go over this with you thoroughly to make certain there are no errors or omissions.

You’ll be asked to sign various other documents, including an affidavit stating the property is free and clear of liens, judgments, assessments or any other encumbrances, all of which will have been determined by your attorney. Once you've signed your documents, you're free to leave. The buyer will have more documents to sign related to their mortgage.

Once the buyer finishes signing their documents, the closing attorney will file the deed at with the Registry of Deeds or the County Recorder’s Office. Then it's official. You'll be able to pick up your check at the closing attorney's office.

Congratulations! You’ve sold your own home.

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Disclaimer: DwellWell, LLC makes no guarantee that the advice offered in this guide will result in the sale of your home. DwellWell.com is a "For Sale By Owner" listing, marketing and advertising service. We do not provide real estate, legal or any other professional service, nor do we represent any party to any transaction that may result through the use of this website. Users of this service should read our Terms and Conditions.

Check out these FSBO sites in other regions:
Austin Real Estate · Brew City FSBO
Iowa City Real Estate · La Crosse by Owner
Pueblo Real Estate

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