In any real estate transaction that involves a transfer of ownership, the final dealmaker or breaker is the closing. This is when the process is concluded successfully — or completely falls apart. There are many legal requirements that need to be fulfilled as part of the closing. And, only when these are properly settled can a buyer take possession of their new property.
Since the closing is such a sensitive stage in the transaction, it helps when you know what to expect. The following informative post will give you more details on the process:
Closing A Real Estate Deal
Follow our guide for a seamless closing day
Once you find your needle in the real estate haystack, it can be easy to overlook the closing process as you are eager to move in and make your house a home. Don’t make this mistake.
Whether you’re a first-time home buyer or a savvy real estate market veteran, make sure you show up for closing day prepared to take home the keys. Here are five steps to a successful closing day from Anselmo Lindberg & Associates’s very own Michael Anselmo.
A guide to a smooth real estate closing
- What information do you need to bring to a real estate closing?
The fun thing about closings is that no two are exactly the same. Read more at Anselmo Lindberg and Associates…
Carrying your official documents to the closing is important. Receipts will also go a long way to prevent being charged again for items you have already paid for.
At what point should the closing attorney get involved? Should he or she be present from the beginning of the transaction? Why or why not? The following post answers all these questions adequately:
Do I Need An Attorney For A Real Estate Closing?
The very last step of a real estate transaction, when the sale finally closes and keys are provided, may seem like a simple event. But getting to that closing often involves quite a bit of legwork. Buying or selling a home is an involved process that is regulated by nuanced and complicated state laws that vary from state to state.
While most states do not require an attorney to be physically present on the day you sign the papers and get the key, hiring one beforehand can help make sure you make it to and through closing. Whether someone is a first-time homebuyer or seller, or a seasoned real estate veteran, knowing when to utilize a real estate attorney can be critical to avoiding legal problems, and can even save you money. Read more at FindLaw…
While it is possible to go through most of the home buying process without an attorney, closing has legal implications. An experienced attorney will ensure you navigate through this process successfully.
In many cases, closing attorneys are paid by the hour, as opposed to agents, who are paid a flat rate. Another thing to take note of is that agents stand to benefit from a sale and may not employ the keenness that an attorney would. So you need to choose a good attorney, as the following post describes:
Choosing An Attorney For A Real Estate Closing
Most mortgage brokers and/or real estate agents or brokers will recommend one or more attorneys to you to assist you in your real estate transaction. You are not required to use any of the attorney’s they recommend. You have the right to be represented by an attorney of your own choice. Most of the attorneys they recommend are those with whom they have a personal or business relationship. Obviously, if you know and trust the broker outside of this transaction, then their recommendation should be considered more heavily. Ultimately, the question is, is the broker making the recommendation in your best interest or in their best interest of making sure the closing goes through so they make their commission. Read more at GPSP…
Your best option is to choose a closing attorney for yourself. Find one that will be free from any bias or interest, as may be the case with an agent or a broker. It is also advisable to specifically work with a real estate attorney.
Make Jonathan Meek your real estate closing attorney of choice if you are buying or selling a home in Charlotte. He will work vigorously to ensure that your experience is simple and stress-free. Call Meek Law Firm South today at 704-800-5901 or use the contact form on the website to get in touch.