Closing
The closing of the sale is handled differently in different parts of the country. Sometimes it is a "Round Table" closing, where buyers, sellers, agents, attorneys, and lenders all sit down together. Often it is handled by title and escrow companies, and in many cases by an attorney.
No matter who handles it, certain elements are always the same: sellers sign deeds, buyers sign the loan documents, and the expenses are prorated and funds disbursed according to agreement. This part is technically the preliminary closing. When this is handled by escrow companies, the seller and buyer rarely meet.
The paperwork is then reviewed by the lender and released for recording. When it is recorded at the Registry Of Deeds and recording numbers issued, the deal is closed. Depending upon where the transaction is taking place, the day you sign is not necessarily the day of closing.
It is your Realtor's responsibility to get all the paperwork in all the right hands and to monitor and report progress to you. Remember, your Agent is your guide every step of the way.
Joy and her team have guided buyers and sellers painlessly for years. We can put our knowledge to work for you, too.
“Joy and her team gave us excellent service. We felt very well taken care of at all times. We were always able to contact Joy and had prompt return of our phone calls. Joy listened to us and explained everything so we could understand it easily.” -S. Steele and S. Saurman