Know The Steps To Close Escrow
What steps to know to close escrow escrow
To know the steps to close escrow is to have the knowledge of those steps and the experience of taking them many times. Along with knowing the steps, experience gives you both foresight and wisdom to deal with inevitable surprises as you pursue the goal. Realistically, real estate transactions are rarely without bumps in the road, some small, some big. Confidently moving through them, knowing how to navigate them, gets us to the finish line.
“Are we there yet?” I can still hear my children! Really knowing the steps to closing the contract and walking them out is the final leg of your journey. You need to follow the steps.
Question #6 – What are the steps to closing on the contract?
Do You Know How To Follow the Steps to Close?
To sell your home, you must know the steps to closing. Actually, every party has responsibilities under the contract. These include the buyer, seller, and service providers. Together, they must meet strict deadlines. Importantly, every step matters and must be completed on time. That’s why you need an agent who knows every detail. Once under contract, the timeline sets the steps to follow. Therefore, it’s essential to know the steps to closing from day one.
Steps to Close and Agent Knowledge
While keeping abreast of everything, your agent should stay active until the deal closes. Truthfully, I step in and do what’s needed to get the job done. Even when it’s not my task, I take charge. Never will I let anyone drop the ball. Why? Because I know the steps to closing. They’re all important! Every contingency must be satisfied to complete escrow. Once that happens, funds can be released to the seller. At the same time, the title goes to the buyer. Thus, escrow is closed and the transaction is finalized. This happens only after every step is completed.
Knowing the Steps to Closing
The process has many stages. You need to know that your agent is on top of them. Hence, I provide updates that give you confidence. Most sellers want control and peace of mind. Clearly, knowledge helps you feel in control. So, I keep you informed every step of the way. You’ll be able to see we are protecting your equity and your goals. Also, you’ll know we’re on track. Always, I want you to know the steps to closing.
Private Portal: Know the Steps to Closing in Real Time
Accordingly, you get a private web portal: SAMPLE PORTAL. In real time, it shows your transaction progress. As it happens, you’ll see every step unfold. You can review documents and track deadlines. Also, I communicate daily and even hourly when needed. Very practically, this keeps us on schedule. It also protects the equity you’ve built. Clearly, this helps you know the steps to closing at every stage.
Final Step: Ready the Property for Closing
Next, prepare the home for handoff. This is the final step to closing. Lastly you will clean, repair, and clear the way for the buyer. Florida Realtors provides a checklist to help. Click here for the Closing Checklist.
Understand Your Closing Costs
Naturally, closing costs can vary. Usually, they range from 3% to 5% of the price. However, this depends on multiple factors. Understandably, you want an estimate. Contacting the Title/Closing company will give you the best estimate of what that will be. It helps you know the steps to closing financially.
Still Have Questions?
Of course, questions may come up. That’s perfectly normal. That’s also why I’m here to help. Please reach out anytime. Let’s make sure you fully know the steps to closing.