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Closing Overview

The Closing / Settlement: Overview

Always read through the contract yourself even if your home is listed.    

The closing (settlement) is the formal process when you receive the sales price for the house (minus appropriate deductions and expenses), and the buyers receive title (ownership). Actual closing details depend on local law and custom.
Topics coverd here are:

THE PAPERWORK

All about the paperwork
How closing functions are handled 
What's in the contract offer
The seller's Property Disclosure
When an attorney is necessary

SELLING ISSUES

How buyers get out of contracts
Why be prepared to resell your home
Providing security from earnest money
Possession date can be critical
Home closing Checklist

HOME INSPECTION

Minimize home inspection problems
Consider having a pre-inspection
How pros negotiate inspection issues
Addressing Radon, Lead Paint and Mold

THE HOUSE APPRAISAL

Minimize appraisal problems
Ensuring a good appraisal
Combate a bad appraisal

FINAL WALK-THROUGH 

 Avoiding walk-through problems

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