CHAPTER 18 Once You’ve Sold Your Home our Home
STEP 7: THE CLOSING
As the Seller, you will likely be signing your side of the paperwork a day or two prior to the buyers closing. Most settlement attorneys allow an hour for each closing, and they try to keep to their schedule. Closing usually only takes 10–15 minutes. If there are problems or paper mistakes, it can take longer. The closing attorney will collect and disperse all money. You should receive a check after the buyer has officially closed for your net proceeds. In rare cases, it may be several hours later before the closing agent can disperse your money. During your side of the closing, you will review the paperwork for your side of the transaction prior to signing. Once everyone decides the documents are accurate, your attorney will have you sign. Sometimes, closing is also referred to as a settlement. All paperwork is signed, agreements completed, and details finalized at the buyer's closing. Where and how your closing will take place depends on customs and practices used where you live. The closing often takes place at the closing attorney's office. Make sure to stay in touch with your attorney to be 100% certain that your sale doesn’t get off track. There shouldn’t be any surprises at the closing.
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