Homebuying Basics - Coldwell Banker Real Estate Group - Manual / Resource - Page 21
The Closing
This is the day you’ve been waiting for! If closing
is a new experience, try not to worry, your
real estate agent will guide you through it.
Bring identification, documents requested by
the title company, your lender and agent and the
closing money owed. All fees and transaction
charges will be disclosed as separate line
items within the statement. Check with the title
company to determine how they want fees to
be paid (i.e. cashier’s check, wire transfer).
During closing, the sale transaction is finalized.
The Disclosure Statement* is released,
money is exchanged, all paperwork and
agreements are signed, and the title of property
is transferred – the home is now yours!
*Closings vary by state. Often in real estate transactions, the seller will
present a Disclosure Statement. This statement includes the age and
condition of the property and a list of any additional features (pool,
garage, etc.). The Disclosure Statement protects the seller against
liability from a buyer who charges that they were not informed of a
particular condition, as well as providing the buyer with an extensive
review of the property so that they can make a fully-informed decision
before they purchase the house.
1
FINDING
YOUR BUDGET
2
GETTING A
MORTGAGE
3
HOME
SEARCH
4
MAKING
AN OFFER
5
CLOSE &
MOVE IN
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