Agents, here is a tip you can give your sellers for additional cash back after the closing of your sale: Remind them to cancel their homeowners insurance after their transaction is recorded and funded.
In Washington State, we record & fund the same day in most cases, so the sellers can contact their homeowners insurance company the next business day and have their policy stopped. Most insurance companies will pro-rate the unused premiums and return those funds directly to the seller.
The seller will thank you for the reminder!
Of course, if your property is a short sale, most short sale lenders will require that any refund be payable to the lender. The details matter, so be careful that the sellers do not accept a refund in these circumstances.
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