It’s not uncommon to make it through much of the selling process only to see something fall through at the closing. Knowling what to expect and being prepared ahead of time will help you avoid this possibility. Hiring an expert real estate agent to walk you through this process is important. Consider these tips from Westmont IL Realtor Beata Kolpek.
What to Expect
Both the buyer and the sellers will be at the closing with their respective real estate agents. The agent from the title company will also be present. This person will guide those present through the signing of all the necessary legal documents. This paperwork ultimately transfers the property from the seller to the buyer. The buyer will also have to sign any applicable documents related to the mortgage. You will get copies of all the documents that apply to you, checks will be collected, keys are handed over and the house can then be considered sold.
As a seller, you will receive the profit from the sale of the home. As a buyer, you’ll get the keys and the ever-important garage door opener. This climax is the light at the end of the tunnel for the seller, buyer, and this Westmont IL Realtor!
How to Prepare
The buyer needs to come to the closing table with a driver’s license, the check for the closing costs for the closing company, and any other documents that your real estate agent has specified (such as a homeowners insurance policy). As a Westmont IL Realtor who has worked with both buyers and sellers, being prepared for this day can’t be stressed enough.
The seller should come prepared with a driver’s license, a check for the closing company (unless covered by the buyer), keys, garage door openers, and any codes for alarm systems. Make sure to bring a check. It should not be assumed that a wire transfer or other type of payment will be acceptable. Years of experience as a Westmont IL Realtor has shown that simple mistakes like this can cause unnecessary delay and stress to the closing.
One way to prepare for this day is to read all the documents you will be signing ahead of time. This will save a lot of time at the closing table. You can get these documents from your real estate agent. For more information on closing or any of your real estate needs, contact Westmont IL Realtor Beata Kolpek today!