Step 22: Closing Day
Closing Day
The day has FINALLY arrived! You have likely hit a few bumps and snags, but that is completely normal (if you didn’t, consider yourself #blessed!) and you’ve made it through!
The location of the closing is determined by what title company you are using. In our area, it’s common for Buyers and Sellers to use their own title companies and each one closes at their respective company. This means that you may be closing at different times and locations.
What to Expect?
You will need a government-issued photo ID (i.e. driver’s license or passport)
As long as my schedule allows, I will meet you there.
The title officer will walk you through the paperwork and what documents need signing.
Closing can take anywhere from 30 minutes or more if there are any issues that arise, please plan for the unexpected.
The title company will arrange for any mortgages on your home to be paid off with the proceeds from your closing.
If you are receiving money back, the buyer's title company will arrange for your proceeds to be distributed to you.
You will not receive your proceeds until after the buyers have finished signing their documents at their closing and the loan as funded (if financing).
Once everyone has signed, the home's title and deed will transfer to the buyer and the sale is complete.
Congratulations on the successful sale of your home! Thank you for trusting me to sell your home!
Ready to connect? Reach out! I look forward to helping you on this journey!
Monique Hanson is a REALTOR® serving the greater West Michigan area. Monique helps people buy and sell homes in Kent, Muskegon, and Ottawa Counties. You can contact Monique by calling or texting 616-805-9177 or emailing hello@moniquehanson.com.