Step
8. Closing a sale on your home
The day of the closing, the home's buyer will do a "walk through" of
the property to make sure all agreed repairs are completed and that the
home is in the same condition as when the buyer made their offer. If problems
arise that this point, the closing can still take place with funds held
in escrow to
remedy the problem.
Closings usually occur 30 -
45 days after you have signed the sales contract. Depending on
what state you reside in, you may close with an attorney, or
with a title company. At the closing, all monies will be collected,
any existing loans or leans will be paid, the deed will be transferred,
and insurance will be issued insuring a free and clear title.
The home seller will receive the proceeds of their home in one to two
business days after the closing.
