Sharon Stevens with For Buyers Only Realty of St Augustine Explains What To Expect At Closing

Sharon Stevens with For Buyers Only Realty of St Augustine Explains What To Expect At Closing

When a home sells things may differ slightly from state to state, but as a whole the majority of the details remain the same.  Here is an idea of what you can expect at your St Augustine closing.

Depending on what state you reside in you may be closing at any number of locations.  For example, in some areas you close at a title office, in some cases an attorney's office and sometimes it may even be at one of the real estate agent's office.  Regardless of where it is, the general rules are the same.  Both buyers and sellers must have photo identification with them. 

It is extremely important that buyers not take out any new credit or make considerable credit card charges before closing.  Your loan approval depends on the fact that nothing new occurs before you close.   Any significant shift in debt can kill the whole deal.

Sellers should come to closing with all house keys.  Also, make sure to tell buyers where all garage door openers are.  If there is a home alarm, tell them how to set it and how to disarm it so they won't accidentally set it off.

If a buyer is putting money down they will need to bring that amount to closing in the form of certified funds.  This typically means a certified check or cashier’s check from the bank.  Personal checks cannot be accepted- regardless of whether the money is in your checking account.  You will need to verify with your St Augustine loan officer exactly how much you will need.

If you are signing as power of attorney for someone make sure what documentation you will need ahead of time.  For example, if a document has to be notarized and it isn't it could delay the closing or cause it to reschedule completely.

Make sure before the day of closing that you have gone over the settlement statement with your loan officer.  You want to make sure you know all of the numbers that you will see on the paperwork so there are no surprises.  Also, make sure your loan officer can be contacted in case there are any questions.

For detailed information on how closings work in St Augustine, contact real estate agent Sharon Stevens of For Buyers Only Realty of St Augustine at 904-687-0542.