So you’re going to close on your new home

March 30, 2015

Congratulations! Whether you’re a first time homebuyer or buying a home to down size, everything must come to an end in real estate and this is called closing.

All title work is done prior to the closing to determine legal ownership of the property and if there are any liens or tax assessments on the property.  Closing often happens at the office of the title company and the buyer generally gets to choose the location. Consumers get to elect whether or not they would like their Realtor to arrange for closing or if they would prefer to do so.

The typical closing takes about an hour for the buyer(s) and seller(s) to sign the paperwork and hand over the keys! Closings are such an exciting time for both sellers and buyers, especially if both parties attend the closing. It can be a great way to learn about the previous owners and the home, as well as learn about your new neighbors and neighborhood. If, for whatever reason, you cannot make it to the closing, you can pre-signand there are also “mail away” closings as well.

The large pile of documents you sign at closing have to do with the new home, the loan and the agreement to pay back the loan. You may leave with a sore hand after having to sign the array of closing documents!

Although we all strive for a smooth transaction and closing, sometimes closings can be delayed for a few hours or potentially a few days. The closing date is simply a goal that may sometimes need to be adjusted.  There are many reasons closing can be delayed, we typically find it has to do with us receiving the HUD and having time to review.

As we mentioned, this is such an exciting time for all parties! The buyers getting in to their new home and the sellers moving on to their next adventure. Even though things may come up, we always do everything in our power to make this time as exciting and stress free as possible. No matter what happens, remember, take a deep breath and trust that your REALTOR will guide you thru any hiccups that happen along the way!

If you or someone you know is thinking about buying a home and/or selling your current home, contact the Better Living Group today! We are here to provide you with information on purchasing a home and a free market analysis for the home you are considering to sell. The Better Living Group are Real Estate professionals in the Twin Cities and Greater Metro areas who are ready and able to assist with all of your Real Estate needs and goals and to provide only the best Real Estate service to all of our clients past, present and future.

The Better Living Group

Realtors- GRI, ABR, CDPE

blghomesmn@gmail.com or 763-496-2911

Keller Williams Classic Realty NW