The Closing Process for Buyers

Once you make an offer on your home here are the following steps for The Closing Process for Buyers.

Step 1: After you and the seller sign and agree on the terms of the purchase of your home, we have an executed contract.

Step 2: Any earnest money you have agreed to is deposited in an escrow account.

Step 3: The executed contract is sent to the title company, which helps determine whether the seller has the right to sell the property to you.

Step 4: If there is an option period, you can inspect the property during this time. Any repairs the seller agrees to should be completed with receipts before closing.

Step 5: The title company will collect all the necessary documents.

Step 6: When we close, we’ll work from a document known as a HUD-1 settlement statement. The HUD-1 tells you the charges associated with the purchase of your home.



If you have any other questions about the closing process for buyers, feel free to contact me.

John Castelli, Realtor

Keller Williams Realty Partners

(773) 851-7636

www.JohnCastelli.com


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The Closing Process for Buyers

John Castelli, Realtor
Keller Williams Realty Partners
(773) 851-7636 Mobile 
JohnCastelli@kw.com

www.JohnCastelli.com

   

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