Closing Day on Your House for Sale in Pompano Beach
This is the most important day of the whole transaction. There are a lot of things that occur on this day that you must be aware of and understand. The first thing that will occur on this day is the final walkthrough. This can occur up to 24 hours before the actual signing of the closing documents. This walkthrough is extremely important for the buyer and the seller. If anything that was dictated in the contract is different, it can hold up the closing. Did you take that second refrigerator or the washer machine? Are you allowed to take it? What about the ceiling fan hanging in the living room or that lovely dining room chandelle? These are all items that we have personally seen be the cause to the closing day delay. So it is very important to keep the house in the condition it was in on contract execution. And it is just as important to leave the items that are dictated on the contract.
The HUD-1 Settlement Statement
The settlement statement is a document that outlines all the debits and credits of the transaction. It has two sides to the document, one for the seller and one for the buyer. Make sure that you look over all of the figures. If something is wrong, you must speak up. I have seen situations that could have caused my clients thousands of dollars if it was not rectified before signing. This is where it is extremely helpful to have a professional Pompano Beach Real Estate Company like Gleason Realty on your side. To a seller that has never done this before or who does not do it every day, the terms can be confusing. Who pays for what can be even more confusing. Let us sit next to you during this event and make it easier for you to have your direct reference guide.
Certificate of Title
This is a simple document that you sign which states that you have the right and authority to sell your property.
This document is what actually transfers the title from your Pompano Beach home to the buyer’s Pompano Beach home. This document ends up at the County to record the sale into an official book of record.
If you have a mortgage on your Pompano Beach home for sale, this document explains how much will be allocated to paying off that loan from the sale.
Statement of Closing Costs
This is the document that states you were informed of all your closing costs and fees on the sale of your Pompano Beach home.
Statement of Information
This document is there to protect the Title Company and also all parties involved. It’s a document to say that you swear you are who you say you are. Sounds weird that its necessary after all the identification provided, but it is a formality.
This list of documents is not all-encompassing because every home for sale in Pompano Beach is unique. But, you should get the general idea from this list of the documents that you may encounter.
Do You Feel Comfortable Going Through This Process Alone?
Now it comes down to you analyzing if you feel comfortable representing yourself during the sale of your Pompano Beach Home. From the pricing, the marketing, the showing, the negotiations, the inspections, and the closing process, are you well prepared? I often hear that Realtors get paid too much for what they do. By the time closing comes, I believe that they do not get paid enough. Between the time, expenses and expertise needed in each Pompano Beach home sale, the average sale will not net as much as you may think.
We do hope that we have answered some of your questions on what to expect when you use the approach of For Sale by Owner in Pompano Beach. It is not as easy as everyone may think and it certainly can land you in a legal mess if you do not know what you are doing. Be cautious. Contact Gleason realty to help you on your next Pompano Beach home you want to sell.