Closing and Final Details
As your home buying journey comes to its completion, your Country Ranch GMAC Real Estate Real Estate Agent will help you through the final steps to home ownership – the closing process.
Closing is the formal process where ownership of the property is transferred from the seller to the buyer. This process is handled by an escrow company which is hired by both parties to the transaction to act as an independent third party in the closing process. The escrow company will make sure that all conditions of the sale, as described in the original purchase contract, are met by all parties involved. The escrow company will gather all documents needed to close the sale transaction and verify that all documents are signed and notarized for closing. Once all conditions are met, the escrow company will send the documents for recording at the Registrars Office of the County in which the property is located. Once the buyer's loan has been completed and funded to the satisfaction of the new lender and the seller acknowledged documents recorded, your Country Ranch GMAC Real Estate Real Estate Agent will be notified that your purchase has closed. Your Real Estate Agent will hand you the keys- and the home becomes yours!
Preparing for Closing costs
Typically, closing costs are three to six percent of the sales price. There are fees such as insurance on the title to your home, taxes, transfer costs, escrow fees and hazard insurance.
You may also be required to prepay an up-front reserve account of tax and insurance payments to ensure that there are sufficient funds in your account to meet these obligations when they are due. In some cases, the seller will agree to pay closing costs — that is one of those negotiable details.
Before closing
In the days prior to closing, your Real Estate Agent will work with you to ensure you understand all of the conditions of the sale and loan, and confirm that they have been met. Your Real Estate Agent will also reconfirm the closing date with you and the sellers.
During this time, your Real Estate Agent will ensure that you have the opportunity to make a final walk-through of the property just before closing to see that everything is as it should be. If there are any problems or unresolved issues, take care of them before closing.
Work with Country Ranch GMAC Real Estate to Buy a Home in Bullhead City, Fort Mohave, Mohave Valley, Golden Valley or any of the other Mohave communities
If you are thinking of buying a home a home, or want to talk with an expert Real Estate Agent with detailed knowledge of Bullhead City, Fort Mohave, Mohave Valley, Golden Valley or any of the other Mohave communities Real Estate, please feel free to contact us click here. Simply call us at 928.758.8811, or e-mail us at broker@countryranchgmac.com. We’ll be glad to talk with you, and help you with all of your Bullhead City, Fort Mohave, Mohave Valley, Golden Valley or any of the other Mohave communities Real Estate needs.
