1. Renovate Your Home | 2. Ten House-Selling Tips | 3. Manage the Sale | 4. Set an Asking Price
5. Accept an Offer | 6. Attend the Closing Meeting

6. Attend the Closing Meeting

Closing day is when you, your buyer, the real estate agents and the closers get together to make sure all the requirements of the purchase agreement have been met. For the buyer, closing means signing stacks of documents. For the seller, it means signing and delivering a deed to your property and signing a few other papers. For both of you, it also involves a lot of money.

When Should You Schedule The Closing?

Be prepared to select a closing date on the day you sign the purchase agreement with the buyer. It is a good idea to schedule a closing at the end of the month to avoid having the buyer pay additional interest on the loan. Don't close on the last day of the month; instead allow yourself a few extra days in case there is a problem.

What Will You Pay To Close?

Unfortunately, not only the buyer pays closing fees. The process of selling a home costs money too. Your closer should provide you with a list of all of the fees you owe, as noted in the settlement statement. The list may include:

Real estate commission: Any sales commissions you've agreed to pay real estate agents.

Recording fees: The cost to file proper documents with the county satisfying your mortgage and clearing up any other title problems.

Real estate taxes & assessments: You may owe property taxes, or if you've already paid them for all or part of the year, your buyer may need to reimburse you.

Closing fee: What you pay a closing agent, if you hire one.

Call an Allpointe Mortgage Advisor today at 866-255-3535 for assistance in the closing process.