Home Seller's Guide - Close the Deal
MARGARET BARB
Associate Broker

ABR - Accredited Buyer's Representative
CRS - Certified Residential Specialist
CRB - Certified RE Broker Mgr
Jim Barb Realty Inc.
JIM BARB REALTY INC.
25 WEST MAIN ST
BERRYVILLE, VA   22611
Office: (540)955-4600
Direct: (540)664-1812
Fax: (540)955-4689
Cell: (540)664-1812

Closing Title
It's almost finished. The preparations are all complete - now it's time to finalize the sale.

Check with your attorney or escrow agent a day or two before the closing date to confirm that everything is on schedule. Remind the attorney or agent to complete the closing statements and other documentation in advance - this may seem obvious, but closings often become protracted affairs because the professionals are unprepared.

Have Your Paperwork Available
Bring all of your documentation to the closing in case you need something at the last minute. Your closing file should include the contract, receipts for any repairs made, and copies of all correspondence relating to the purchase.

Understand the Closing Documents
Review the closing statement (HUD-1) and other documents beforehand so you understand the purpose of each. Your primary documents are the closing statement, the deed, and the mortgage cancellation paperwork.

Deal With Any Problems
Closings frequently proceed without a hitch, but problems are not uncommon. Don't panic if the closing hits a snag - most issues can be resolved by simple means, such as escrowing funds to cover a contingency or unfinished repair. Even if the closing has to be postponed, don't overreact - chances are the matter can be resolved in a few days.

Execute the Documents
At this point the parties should execute the closing statements and other documents - and you will then sign over the deed. Congratulations, you've just sold your house!

Give Keys and Documents to the Buyer
You should have the keys available to give to the buyer at the closing. Additionally, you should provide all warranties, repair records, etc. pertaining to the house - either bring these to the closing or leave them in an accessible location in the house.

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