Understanding your escrow transaction.

When you accept an offer on your home, it feels like the hardest part is over—but closing the sale can be even more challenging. That’s why it’s important to have the right team helping you. Learn what to expect during the closing and how we expertly manage the process so you can hand over the keys.

What Does Closing Involve?

Closing, also known as settlement or escrow, is a fancy word for the process where your property, money, title, and liens are exchanged between all the parties involved.

An escrow officer typically reviews the sales agreement to determine payments and credits due from both sides, and to ensure any other transaction costs including title and taxes are paid for. 

Closing Costs

A variety of factors will determine how much you may have to pay at closing. Unless otherwise outlined in the contract, a seller’s closing costs may include, but are not limited to:

– Loan payoff costs
– Transfer taxes
– Title insurance fees
– Liens against the property
– Agent commission

Having an experienced team can help you avoid last-minute surprises. Our professional staff work hard to keep your closing on track. You can also consult with your real estate agent for updates on the process as closing approaches.

Signing and Paperwork

We’ll ensure all of the paperwork required at closing is prepared upon your arrival. Expect to go through, and sign, a lot of paperwork (although it’s likely the buyer has more to sign than you). As the seller, you will sign over the deed to the buyer. The deed will be recorded once escrow has the buyer’s funds and both parties (buyer and seller) have mutually signed escrow instructions.

Handing Over the Keys

Once the necessary paperwork is signed by the buyer and seller, we’ve received all funds to close, and all other conditions have been met, your escrow team will perform the required steps to close the transaction. The new deed is recorded at the county courthouse, which completes the transfer of ownership to the buyer, and any funds held in escrow are disbursed in accordance to the signed escrow instructions. At this point, keys may be handed over to the buyer.

Are you ready?

Are you ready to be treated with the care and respect you deserve, while we deliver exceptional results with your best interests at heart?