Mang & Santurri, P.A.
Learn More About How Mang & Santurri, P.A., Can Assist You.
Call
888-281-1409
today
View Our Practice Areas

What a buyer should know about the real estate closing process

Whether individuals are buying their first home in Florida or their fifth, in order to finalize the purchase of the property they must go through a closing process. The key to a successful closing is preparation. It is important to familiarize yourself with all of the necessary steps this entails so everything goes as smoothly as possible. 

First, you must choose a reputable, experienced attorney to guide and represent you at the closing. Forbes notes that it is important to work with a solid professional since there are many important factors at the settlement table that will contribute to a flawless execution. Using a checklist can help in collecting and organizing all of the necessary documentation. 

Immediately prior to the closing, there will be a final walk-through of the property. Then various parties gather at the closing table, including the seller and the buyer. This is the time for you to review and sign multiple documents. Many of them pertain to matters that took place between your accepted offer and closing day, such as the contract, appraisal, proof of home and title insurance, home inspection and loan documents from your mortgage application. You must also bring your payment and a government-approved photo ID such as a driver’s license or a passport to the settlement. 

When buying a home, is important to budget for closing costs, which are generally between 2 percent and 5 percent of the purchase price of the property. And, according to The Washington Post, there are often small discrepancies at the closing table that may often range from $50 - $400. It is important for buyers to have their checkbook with them and also to realize that this is just part of the closing process. 

No Comments

Leave a comment
Comment Information

A Law Firm In
Tallahassee, Florida

Serving
Individuals,
Families And
Businesses.

Contact Our Attorneys

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us For A Response
Call Mang & Santurri, P.A.

Ready To Move Forward? Contact Our Firm At 888-281-1409 Or Send Us An Email.