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The Basic Steps Involved in a Real Estate Closing

When you buy or sell a home, you want to do everything you can to House for Sale Sign on Houseensure the transaction goes smoothly. Dealing with purchase contracts, mortgage lenders and title companies can be overwhelming. A Clermont Real Estate Attorney can help you through the process.

The Basic Steps Involved in a Real Estate Closing

If you are buying or selling a home, the first step in the process will be to agree on a purchase contract. Both sides will want to make sure the contract accurately reflects what the parties agreed to (purchase price, closing date, inspection period, property included, deadline to hand over the keys, etc.). A real estate lawyer can prepare or review the contract. It’s important that the buyer and seller have their own attorney to review any documentation before it’s signed. Once the contract is signed, buyers are usually busy securing financing with their bank and arranging to have the home inspected by a certified inspector. If any problems pop up along the way, an attorney can help get to the bottom of it and suggest options for a solution. When financing is secured and the home inspection is complete, a closing date will likely be scheduled.

The Role of the Title Insurance Company

A title insurance company plays an important role for home buyers. The title company will research the ownership of the property looking for any defects such as mistakes in the deed, unsatisfied liens, etc. The idea is to ensure the sellers can convey clear title to the buyers. In most cases, a title insurance policy will be required by the buyer’s lender. If any title problems pop up later, the title company may step in to defend it. At the closing, your attorney can walk you through each document you’re required to sign to make sure you understand. Again, if any problems arise at the closing, your attorney can field them and help you work toward resolution. If you’re buying or selling real estate, contact Merideth Nagel, P.A., Attorney at Law, a skilled Clermont real estate attorney to represent you. Call 352-394-7408 or toll free at 877-580-6868 to schedule a consultation. Serving Lake, Orange, Marion and Sumter Counties.

Real Estate Attorney Services

Tracy Attaway is a native Floridian. She moved to the Central Florida area in 1990 where she began working as a receptionist at a small law firm in downtown Orlando in January, 1991. She obtained her AS degree in Legal Assisting from Valencia Community College and then became a Florida… [Read more]

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Serving West Orange County, Lake County, Sumter County & Marion County