Blog Archives

How to Guide: Real Estate Closings – Part I

For starters, the title company will need a legible, fully executed copy of the contract and all addendums. Also, don’t forget to send the title company the prior title policy and the survey, if no changes have been made. The listing agent should submit an info sheet with contact information for the buyer, seller, buyer’s agent, seller’s agent, mortgage loan originator (MLO) and the attorney for seller and/or buyer. The info sheet should contain the current mailing address, phone number(s), email address(es) of both the buyer and the seller.  Verify the real estate commissions and or transaction fees, if any.  Read the rest of this entry

Who Typically Pays For What At The Closing?

Below I have compiled a list of what is typically paid by each party in a real estate transaction. Depending on what county you are in will depend on who pays for these fees. This information may assist you in knowing what fees are involved when negotiating your real estate transaction.closing costs property guiding Read the rest of this entry