[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_image src=”https://cindybanksteam.com/wp-content/uploads/2019/08/Closing.jpeg” align_tablet=”center” align_last_edited=”on|desktop” admin_label=”Image” _builder_version=”3.23″ animation_style=”slide” animation_direction=”left” animation_duration=”500ms” animation_intensity_slide=”10%” animation=”left” sticky=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” always_center_on_mobile=”on”][/et_pb_image][et_pb_text admin_label=”Text” _builder_version=”3.27.4″ text_font=”Open Sans|on|||” text_text_color=”#e02b20″ text_font_size=”40″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” text_font_size_tablet=”35″ text_font_size_phone=”30″ text_font_size_last_edited=”on|phone” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]Getting Clear to Close
[/et_pb_text][et_pb_text admin_label=”Text” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]In the process of getting a home ready for sale and keeping it in good condition for showings, it’s easy for homeowners to overlook the actual process of selling their home. There are several key steps in the actual process of closing the sale once the purchase and sale agreements have been signed.
[/et_pb_text][et_pb_accordion admin_label=”Accordion” _builder_version=”3.0.87″ toggle_text_color=”#e02b20″ toggle_font=”Open Sans|on|||” use_border_color=”off” border_color=”#ffffff” border_style=”solid”][et_pb_accordion_item title=”Step 1 – Contingency Removal” _builder_version=”3.0.47″ open=”on”]The most common contingencies are inspection, financing and the sale of the buyer’s current home. These conditions must be removed or waived before the sale can close.
[/et_pb_accordion_item][et_pb_accordion_item title=”Step 2 – Appraisal and Title Report” _builder_version=”3.0.47″ open=”off”]The buyer’s lender requires a formal appraisal to confirm the value of the home. This is used as collateral to secure the loan. The title report ensures that the seller has clear title to the property and has the right to transfer ownership.
[/et_pb_accordion_item][et_pb_accordion_item title=”Step 3 – Prepare Closing Documents” _builder_version=”3.0.47″ open=”off”]Escrow service companies or real estate attorneys prepare documents that confirm the transaction, prorate funds, etc.
[/et_pb_accordion_item][et_pb_accordion_item title=”Step 4 – Signing Closing Documents” _builder_version=”3.0.47″ open=”off”]Although both parties may have signed closing documents and deposited funds, the sale actually closes when the deed is recorded and the proceeds are available to the seller.
[/et_pb_accordion_item][et_pb_accordion_item title=”Step 5 – Lender Review” _builder_version=”3.0.47″ open=”off”]Signed documents go to the lender for final review.
[/et_pb_accordion_item][et_pb_accordion_item title=”Step 6 – Deed Recorded & Funds Dispersed” _builder_version=”3.0.47″ open=”off”]The deed is recorded and funds disbursed.
[/et_pb_accordion_item][et_pb_accordion_item title=”Step 7 – Seller Receives Proceeds” _builder_version=”3.0.47″ open=”off”]The seller receives the proceeds and the moving van arrives.
[/et_pb_accordion_item][et_pb_accordion_item title=”Step 8 – Buyer Gets Keys” _builder_version=”3.0.47″ open=”off”]The buyer gets the keys.
[/et_pb_accordion_item][/et_pb_accordion][et_pb_text admin_label=”Text” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]There are many opportunities for surprises or delays in a transaction. Part of our expertise is in troubleshooting problems that arise in the closing process. Please email or call me if you have any questions or would like more information!
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- $300,000
