The Insider's Guide To Selling Your Home By Owner- Rocio Fausto I | Seite 101

Step 7: The Closing.
You should arrive at the closing at least 10 minutes before
the scheduled time. Most title companies allow an hour for each
closing, and they try to keep to their schedule.
A cash sale closing usually only takes 10 - 15 minutes;
whereas, a closing with a new loan usually takes about 45
minutes. If there are problems or paper mistakes, it may take
longer. The closing agent will collect all moneys and disperse all
money.
You should receive a check at the end of the closing for
your net proceeds. In rare cases, it may be several hours later
before the closing agent can disperse you money.
During the closing, you will meet with your buyer and other
necessary parties, such as your attorney, to transfer the ownership
of your property. Sometimes closing is also referred to as a
settlement.
All paperwork is signed, agreements completed and details
finalized at the closing. Normally, the whole transaction takes
about an hour. Exactly where and how your closing will take
place simply depends on the customs used where you live.
Quite often, the closing takes place at the closing agent’s
office. Make sure to stay in touch with this agent to make 100%
certain that your sell doesn’t get off track. There shouldn’t be any
surprises at the closing.
All expected costs should already have been covered and
put into writing between you and the buyer. Following, you will
find a list of items that are commonly paid for by sellers at
closing, although this is not set in stone.
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Title insurance
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