As your buyer's agent, I'll walk you through the multiple stages of your new home purchase. Here’s a snapshot of the closing process that I like to share:
Title and escrow: the final stage of your transaction
When you're purchasing a home, the final stage of the real estate transaction process is the transfer of title from the seller to you. After closing on your new home, condo or investment property, your title and escrow professional will send you the title policy. The title company and escrow company are the third parties who transfer the title, deed, other documents and most importantly, the money, between the buying and selling parties. The escrow company prepares and records documents, writes up closing statements, obtains signatures and receives and disburses funds. As we get closer to this stage of the process I'll walk you through the steps in more detail.
What occurs during closing?
During closing you will review and sign final documents as well as produce the remaining amount of money required for the down payment. In addition, you will sign the mortgage and any further paperwork that the lender, and/or other third parties, may require. For moral and practical support, I'll make every effort to attend your closing with you.
What happens after closing?
After closing, the deed and mortgage will be recorded by the county and all previous obligations of the seller will be discharged. Once the closing papers are signed and the deed recorded, you may take legal ownership of your new home.
