The video discusses what sellers can expect during the closing process of a home sale. Sellers will need to prepare their house for closing day and bring IDs and any necessary funds. They will sign documents such as deeds and closing statements, and receive the proceeds from the sale. It's important to consider timing, especially when the seller and buyer are not signing at the same time. Working with a reputable title company to ensure a smooth closing process is a key component.
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Who schedules the real estate closing
The video discusses who typically schedules the closing for a real estate transaction and what factors impact the timeline. While any party involved in the transaction can suggest a closing date, the buyer's lender often drives the timeline due to federal regulations requiring a minimum review period for documents.
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What should a buyer expect at a real estate closing
Buyers have a lot to do at a closing, including reviewing all documents provided by the lender, understanding the terms of the settlement statement, ensuring that the property is ready for closing and more.
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Seller and buyer responsibilities in a real estate transaction
If you're in the process of buying or selling a home, it's important to understand the different requirements that need to be met by both parties before the closing date.
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