Real Estate

Real Estate Closing

I reserve my practice to only sellers closings.  This allows me to focus on the sellers needs.  I work carefully with a paralegal who assists me in ensuring that selling your home is not a scary process.

A closing is an important day.  You as the seller will be able to finalize the sale of your home, pay off the mortgage, if any, pay off any liens and take away the proceeds of the sale to move forward into your new adventure. A closing can be confusing for a first time or fourth time seller.  COVID 19 has required changes in the process just as it has for most things we do in our lives.

3 Steps of a closing

  1. Seller has signed the contract choosing the person or entity who will purchase their property. In doing so the seller has bound themselves to certain terms.  Often the buyer will begin the process by getting a title search done.  A title search is needed to ensure that the seller has the ability to transfer title of the property to the buyer.  If there are problems with the title search then the seller is required to fix (cure) the defect.
  2. The pre-closing documents are done. I will work with you to ensure that you have the proper documents created and signed by you to close and transfer on the house.  This will involve creating a warranty deed, creating a closing statement(showing how much money is owed to each person) and any other documents which are needed.
  3. Closing Day: Covid 19 has created a change in how closings are handled. Before covid, the buyer and seller would meet with their representatives at a closing table.  At the table the buyer would sign documents to take ownership of the property and the seller would sign documents to transfer the property.  Funds would be exchanged via checks or wire transfers.  The seller would hand over the keys, garage door opener and any other pertinent information about the property.  Now, the seller completes their documents prior to the closing day.  Those documents are delivered to the buyer’s attorney the day before the closing.  Funding or transfer of funds would happen on the closing day and are given to the seller’s representative to distribute.
  4. In Connecticut it is imperative that you have an attorney representing you in the closing process.