Home sale closing is the final step of the entire sale process, the step after which you become the legal owner of the property that you have negotiated for, probably the most anticipated and most exciting step of the entire home buying process. The step involves many things – here is what happens during the process:
- The buyer issues a check for the buying price and the seller receives the check, minus closing fees, mortgages (if applicable) and other fees and taxes, depending on the terms of the agreement;
- The seller signs over and handles the property deed to the seller;
- The seller hands over the keys of the property to the buyer;
- Procedures start to register the deed on the name of the buyer in the local registry.
The above rundown includes only the basic steps of the closing process – these are the steps that all closing processes include, but in most cases, the step is much more complex and includes the issuing of documents and payments according to the specific terms of the sales agreement. At the end of the process, the property changes owners and the buyer officially becomes the proprietor of the real estate.
If you are in the market for homes for sale in Aurora CO 80016, contact Remax – Tom Ullrich. He can help you find the home that works for you, and fill you in on all the details you will need to purchase and close on a home in this area.