Sunday, September 18, 2011

Closing on your first Home

You have searched and finally found your dream home and are about to enter into the closing. This is the final step that will make your home yours.

The actual closing date is usually about two weeks after your offer is excepted by the seller. You may request the closing date be within 10 days of your offer.

There are several transactions that will take place during the closing of your home. You as the buyer will have to pay the balance of what is owed on the home usually with a cashiers check. The seller will then sign the necessary paperwork to transfer the deed to the buyer and deliver the keys. The title company has the responsibility of registering your deed. The seller will will receive a check for the proceeds at the closing minus closing cost and mortgage payoffs. If all the necessary paperwork is in order the closing should not take over an hour. If the buyer is paying cash even less. So whether you be the buyer or the seller to make sure of a smooth process make sure all your paperwork is in order.

I Disclose:

This policy is valid from 20 May 2011. This blog is a personal blog written and edited by me. For questions about this blog, please contact ADMIN in the comment section in any post. This blog accepts forms of cash advertising, sponsorship, paid insertions or other forms of compensation. The compensation received may influence the advertising content, topics or posts made in this blog. That content, advertising space or post may not always be identified as paid or sponsored content. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question. It is the sole responsibility of the reader to weigh the product endorsement as legitimate.