What You Should Know About a Closing

Thank you for joining me for another episode of the Get Me Ready to Sell Podcast. In this episode, we will be discussing the process of closing a real estate deal. The closing is when ownership of the property is transferred from the seller to the buyer. While the specific steps may vary depending on the region, the ultimate goal is the same: to successfully take possession of the property. It is important to partner with professionals, such as real estate attorneys or title companies, who can guide you through the specifics of the closing process in your area.2:00 - What is the Close?3:42 - #1: Open an escrow account5:57 - #2: Title search and insurance8:30 - #3: Hire an attorney10:04 - #4: Negotiate Closing Costs11:06 - #5: Complete the Home Inspection12:22 - #6: Get a pest inspection12:54 - #7: Renegotiate the offer14:32 - #8: Lock in your interest rate15:45 - #9: Remove contingencies18:51 - #10: Meet funding requirements25:49 - #11: Final Walkthrough27:22 - #12: Sign the paperwork<br/>The closing process in real estate involves transferring ownership of the property from the seller to the buyer. While the specific steps may vary depending on the region, it is important to partner with professionals who can guide you through the process. Whether you are a seller or a buyer, understanding the closing process is crucial to successfully completing a real estate transaction.