A Brief Guide to Help You with The Closing Process of Property Sale
Many people wonder what to do when it comes to selling their home in Clarington. Sometimes they feel like they are stuck in a never-ending cycle of trying to get the house sold and then waiting anxiously for the process to finish. This may be because they do not have a good handle on how the closing process works or they are scared of the unknown.
When you are ready to put homes for sale, you must have an understanding of the various steps involved in the process and know where to turn for help. Knowing what to expect will make all the difference in a smooth and stress-free closing experience.
Step-By-Step Guide on The Closing Process
Once you have received and reviewed all of the offers on your listing, it’s time to start the closing process. This is when the buyer and seller sign all of the necessary paperwork to finalize the sale.
The first step according to the real estate agents is to choose a closing date. This is typically 30-60 days after the offer is accepted, but can be negotiated as part of the contract.
The next step is to order a title search. This will ensure that there are no outstanding liens or encumbrances on the property that could cause problems down the road.
Once the title search comes back clean, it’s time to schedule a home inspection. The buyer will hire a professional inspector to look for any major problems with the property.
If any issues are found during the inspection, the buyer may ask for repairs to be made or for a credit at closing to cover the cost of repairs. The seller can accept these requests, reject them, or negotiate further. At such times a realtor comes in handy as he can save you some costs here by negotiating the terms in a better way.
Once inspection contingencies are cleared, it’s time for both parties to sign the purchase agreement and lock in financing (if needed).
The final step is to attend closing where all of the necessary paperwork will be signed and funds will exchange hands. Congratulations – you’ve successfully sold your home!
Do you want to find the best prices for the properties in Clarington? Book your free real estate appointment to discuss the pricing and the best ways to sell your property with maximum profits.