Closing Details

The closing process finalizes the sale of your home. This is when you get paid and the buyer receives the deed to your home. 

Make sure to bring these items to the closing:

  • House keys

  • Entry key codes

  • A valid photo ID

What to expect:

The closing agent will review the purchase contract and identify what payments are owed and by whom; prepare documents for the closing; make sure taxes, title searches, real estate commissions and other closing costs are paid; ensure that the buyer's title is recorded; and ensure that you receive any funds due to you.

Sellers usually pay the following at closing:

  • Mortgage balance and prepayment penalties, if applicable

  • Other claims against your property, such as unpaid property taxes

  • Unpaid special assessments on your property

  • Document stamps (or taxes) on the deed

  • Real estate commission

  • Legal fee or title insurance premium

After the closing, make sure to keep the following for tax purposes:

  • Copies of all closing documents

  • All home improvement receipts on the home you sold

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