Closing Expectations for Sellers
When closing day finally arrives, all those involved in the sale and purchase of the property meet at the designated place or office to close the deal. The seller can expect to sign just a few documents – the HUD-1 verifying the terms of the sale and notices of monies owed or due is the primary one of concern. Your REALTOR should have already given you a preliminary copy of this document. Therefore eliminating any surprises. Other documents will be signed as well, but not nearly as many as the buyer, if a mortgage is involved.
You may then turn over the keys to the buyer if arrangements have been made. Please make sure you’ve contacted the utilities to arrange for a smooth transition between you and the buyer.