SELLERS GUIDE
02
Closing Process
Closing Process
- Title Search: Before closing, a title company conducts a thorough title search to confirm the property is free of liens or legal disputes.
- Closing Costs: Both buyers and sellers typically incur closing costs. Sellers are usually responsible for agent commissions, title insurance, transfer taxes, and possibly outstanding utility bills or homeowners association fees.
- Settlement: During settlement, both parties sign all required legal documents. The buyer provides the necessary funds, and the deed is officially signed and recorded with the appropriate government agency, finalizing the transfer of ownership.