Selling 101: The Closing
Deciding To Sell
Do I Need an Agent?
Cost of Selling
When is the best time to Sell
What do I need to disclose
Buy First or Sell First
Phase 2: Preparing Your Home
Initial Impressions Count
Basic Repairs and Maintenance
Mini Remodel Projects
Staging and Decorating
Pricing Your Home
Utility Bills
Pre-Sale Inspections
Phase 3: Marketing Your Home
Letter To Buyer
Marketing
Professional Photography
What To Expect While On Market
Factors For Buyers
Showings / Previews
Phase 4: The Purchase Agreement
Purchase Agreement
What are Sellers Concesssions
What are Contingencies
Buyer’s Inspection
Phase 5: The Closing
Closing Costs Explained
Title Work
Appraisals/Underwriting
Utility Billing
Preparing For Closing
►The Closing◄
The closing is where we sign all the paperwork to transfer the title over to the buyers. . There are a few steps that you should do to prepare for closing.
- Call utilities and schedule the ownership change for water/sewer, garbage, electricity, natural gas, cable, phone
- You should know the location of the closing. This will almost always take place at the Title Company that the buyer chooses.
- Review the Closing Disclosure statement. The CD statement is the “final bill of sale” accounting sheet that pulls together all the financials of the transaction into a 2 or 3 page summary. Make sure the bottom line $ is correct.
- Bring a photo ID.
- Know your SSN if you do not have your SSN card.
At closing, once all the paperwork has been signed, and copies made, you can give all the house keys and garage door openers to the buyer.
Things to bring to the closing:
- Photo ID
- Know your SSN if you do not have your SSN card
- Any receipts or lien waivers for any recent work done
- Keys and garage door openers
- An exciting attitude!
Here is a list of closing costs and their explanation: