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Closing the Sale
After all the negotiating is finalized, the offer is accepted, the seller certifications are accepted, and the legal documents are prepared, it is time to bring the property purchasing process to a close. The "closing" is sometimes conducted as a kind of ceremony, where all the interested parties gather together in a conference room, or even at the home, to finalize the legal agreements. Most of the time, though, the majority of the process is conducted as an administrative process between attorneys. In either case, the closing is managed by executing the following ten steps:
1) The offer is officially accepted, with all disclosure
and contingencies clearly specified
2) All "subject tos" regarding the buyer's qualifications
are satisfied
3) All inspections are complete and contingencies regarding
the seller are removed
4) Seller provides disclosure statement and certification
of contingency removal
5) Final buyer walk through is completed
6) Final negotiations are complete
7) Legal documents are prepared
8) Legal documents undergo final review
9) Proceeds are delivered to seller
10) Closing Statement and Deed are provided to buyer
If the property is being financed, the buyer will also be responsible to pay fees associated with the mortgage before you can complete the closing process. Your Kierman Realtors agent can help to make sure the buyer is aware of these extra costs and prepared to pay them.
Kierman Realtors agents are very skilled at handling the closing process, and you can count on them to make your property purchase as simple and worry-free as possible.
At Kierman Realtors, your satisfaction is our most valued asset!
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