There are several additional steps involved in closing the deal after the purchase and sale agreements have been signed. You can count on our expertise to anticipate and avoid any setbacks that can occur when working toward the close.

Step 1 Condition Removal

All conditions such as inspections, status certificate review and financing, must be removed or waived in writing either because they’ve been withdrawn or because the conditions have been met before the sale on your new home can close.

Step 2 Appraisal and Title Report

Your lender requires a formal appraisal to confirm the value of the home you’re buying, to use as collateral to secure the loan. The title report ensures that the seller has clear title to the property and has the right to transfer ownership to you.

Step 3 Prepare closing documents

Real estate lawyers prepare documents that confirm the transaction, pro-rate funds, etc.

Step 4 Signing of closing documents

Although both parties may have signed closing documents and deposited funds, the sale actually closes when the deed is recorded and the proceeds are available to the seller.

Step 5 Signed documents go to the lender for final review.

 

Step 6 The deed is recorded and funds disbursed.

 

Step 7 The seller receives the proceeds and vacates the premises by a set date and time.

 

Step 8 You get the keys to your new home!