Closing For Home Sellers In Albuquerque NM
This article is about closing for home sellers in Albuquerque NM. You may be asking yourself, what happens at closing for home sellers in Albuquerque NM?
The title company escrow officer and your real estate agent will typically attend the closing. The buyers will be closing at a different time than the seller.
Closing For Home Sellers In Albuquerque – Before Closing
Your real estate agent or Title Company should provide you with the settlement statement. This is a detailed accounting of all costs and credits involved in the sale of your house. Review this document in detail, and talk to your real estate agent if you have questions. Your real estate agent may not be able to answer your question, however, they will know where to get the answer.
How do you want to collect your proceeds? You can have the title company prepare a cashier’s check and you can pick it up at the title company. You can also have the title company do a wire transfer to your bank account. Bring in a blank check or your bank routing number and your account number if you choose this option.
It is best practice to request the utilities be transferred out of your name before going into closing. Request the turn-off date as the funding date identified in the purchase agreement. Have a discussion about this with your real estate agent.
Gather up all your keys, and garage door remotes and take them to close. Don’t forget about keys to the mailbox, sheds, and gates.
Closing For Home Sellers in Albuquerque – During Closing
You will need to provide government-issued photo identification to the escrow officer. This is required as part of the notary process. Some of the documents you sign will need to be notarized.
The title company escrow officer will go over the settlement statement with you. There are not a lot of documents to sign when you are selling your home, unlike buying a home. The title company will provide an overview during the closing of each document you are expected to sign. One of the most important documents is the deed. This is the document that transfers ownership. Make sure to review this document and make sure it is correct. The title company will provide you with a copy of all the documents you sign at closing. Keep this package as you may need the settlement statement when preparing your income taxes
Closing will take about 15 to 30 minutes depending on several factors.
Closing For Home Sellers – After Closing
The title company will send the appropriate documents to the buyer’s lender for their review and approval. The buyer’s lender will permit the title company to fund the transaction. If the buyer is a cash buyer, the title will not need approval from a lender. Funding is the process of paying all parties involved with the transaction including existing mortgages, real estate commissions, and other closing costs, this is handled by the title company. Funding occurs after the appropriate documents are recorded at the county.
You will receive your proceeds from the sale after recording and funding occur. If both the home buyer and seller close in the morning, you may receive your proceeds the same day as closing. If the buyer or seller closes in the afternoon, you probably won’t get your proceeds until the following business day.
Notify your lender (if you have a mortgage) of your new mailing address. Your lender probably has some money in your escrow account. Providing them with the new address will assure you get your balance in your escrow account expeditiously.
Call your homeowner’s insurance company and have them cancel your insurance policy. They will reimburse you for any unused amount on the policy. Provide them with your new address. Do this after the transaction is recorded and funded.
I hope this article helps you answer the question, What Happens at Closing for Home Sellers in Albuquerque NM?
Myers & Myers Real Estate
No doubt the real estate market is constantly changing and no two clients or transactions are the same. Above all, achieving the real estate goals of our clients is the cornerstone of our business philosophy.
Moreover, for most people, buying a house or selling a house, is the biggest financial decision of their lives. Selecting the best real estate agent will be the most critical decision made when buying or selling a home.
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Along with this, our team is here to help you and make the process as stress-free as possible.
Myers & Myers Real Estate has been helping home buyers and sellers since 2010 and we’re ready to put our expertise to work for you.
Buyers Real Estate Agents in Albuquerque
Of course, our buyer’s real estate agents will help you find the best neighborhood and the perfect home for your needs and budget. In addition, we’ll make sure you find the right home, you don’t miss out on any homes that meet your goals, and we’ll help you negotiate the best price possible. In conclusion, contact us today to get started finding the best neighborhood to live in in Albuquerque NM.
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Sellers Real Estate Agents in Albuquerque
Of course, our real estate agents will help you sell your house and achieve your real estate goals. In addition, we have the knowledge and experience to get your home sold and get you where you want to go one time, put you in the strongest negotiating position possible, make it easier for you, and reduce surprises. Choose Myers & Myers real estate agents to help you sell your house.
Undeniably, our experienced real estate agents who specialize in your desired market will make all the difference.
Furthermore, when you list your house with Myers & Myers Real Estate, your home will be seen by thousands of home buyers through our online marketing plan. In conclusion, contact us to discuss our cutting-edge marketing plan, market knowledge, and experience to sell your home.
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