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CLOSING
Final WALK-THROUGH and
Verification of CONDITION
Prior to closing and by appointment, the buyer has the right to walk through the home to verify that the physical condition of the property and inclusions comply with the contract.
CLOSING
This is the meeting where all of the real estate and loan documents are signed, the loan is funded and the deed to the house is transferred to the new owner.
POSSESSION
Contractually, possession is defined by the contract and is part of the negotiation process. The contract dictates the EXACT date and time that the buyers may take possession.
NET PROCEEDS
As the seller, you will be responsible for the following estimated expenses associated with the sale of your home. These are estimates and will become more accurate once you accept an offer. We will provide you another estimated net sheet once we’re under contract with the negotiated contract terms and dates for prorations.
ESTIMATED SETTLEMENT EXPENSES (SELLER)
Day of Closing
o Bring valid driver’s license and second form of ID to title company
o Bringbankwiringinstructions for your sale proceeds
o Gatherandbringallkeysand garage door openers
o Bring any community pool keys/fobs
o Provide alarm, garage and other smart technology codes instructions
o Providetrash/recycling schedules
Mortgage Payoff
Mortgage Release Tracking Fees Title Insurance
Prorated Property Taxes
Per Payoff Statements
$25 per release
Sliding Scale Based on Sales Price
For current year to sale date and any prior year taxes billed in arrears not yet paid Percentage of Sales Price
Broker’s Commission
Improvement Location Certificate $200-400 (if requested)
Final Water Escrow Homeowners Association (HOA)
HOA Documents Retrieval Fee
Appraisal Phase
Survey If
$250-$350 (balance refunded to seller) Fees Per the contract and as
assessed by HOA
$100-$200 (for buyer review)
Final Loan Review and Approval
Closing/Funding
Final
Possession &
Necessary Walk Through Moving Day
The O’Brien Team at RE/Max Alliance | 15