Do I Have To Attend The Closing?

By
Real Estate Agent with RE/MAX Elite 513.520.5305 www.LizTour.com SAL.2002007747

the final stepsIn southwest Ohio the home sale process is usually completed with what is called a closing.  Makes sense right since we're closing a transaction?

For the most common type of closing, an attorney or title company will arrange a sit down between the sellers and the buyers. Typically the agents for both sides will attend and perhaps the buyer's loan officer.  Much paperwork is signed and ownership of the home is transferred.  And typically the keys are handed from the sellers to the buyers and last minute questions about the home and neighborhood are asked.

However, that's not always the case.  If you're a buyer or seller who has a schedule conflict, there are other ways to take care of the responsibilities of the closing.

1.  Closings can be performed remotely for out of town/state home buyers or sellers.  The title company sends the clients the necessary paperwork and either a closer is contracted or a notary public witnesses the signatures.  The documents are overnighted back to the title company and then the other party signs off to complete the sale.

2.  Another option is to grant a power of attorney specific to the sale.  As a real estate agent I've periodically served in this capacity.  Or clients can designate a friend or family member to substitute.

Now there are some variations on the closing routine.

Absolutely can't stand the other side of the deal after contentious negotiations?  Or it's just REALLY emotional to sell your home?  Separate closings are set up for each side and no direct contact is made.

Splitting up with the spouse and just don't want to be in the same room?  In that case 2 or even 3 meetings might be held to complete the sale.

New construction?  Most likely the builder will have signed off long before the buyer meets with the title company.

As you can see, there are plenty of options to ensure the home sale is completed.

 

More questoins about Cincinnati home buying and selling?  Just give Bill a call at 513-520-5305 or email Liz@LizSpear.com and we can discuss how we can help you. 

Serving Cincinnati home buyers and sellers,

Liz and Bill aka BLiz 

 

 

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Serving Warren County Ohio & Adjacent Areas

 

The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
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Rainmaker
5,416,647
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is very good information to share with home buyers and home sellers.

Jan 27, 2018 06:48 AM #1
Rainmaker
3,983,315
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I worked with an out of state seller and we developed her land, sold off the lots using the 1031 tax deffered program and I never did ever meet they seller in person.

Jan 27, 2018 08:59 AM #2
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

pretty close to the same in Georgia.  We however are an attorney close state and don't have title companies here.  And most times all folks attend, but I have a Mr. Seller bringing a POA for Mrs. Seller to my next closing.

Jan 27, 2018 06:28 PM #3
Rainmaker
1,199,758
Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417
United Real Estate - Addison, TX
Real Service. Real Results. Real Estate

Here in the Dallas area, buyers and sellers don't close at the same time.  There are even agents on the other side of transactions that I've never met in person!

Jan 28, 2018 10:33 AM #4
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Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Liz and Bill, I attend every closing for clients within our state unless I am on vacation but do try to arrange the schedule to allow for that. We must have someone there to represent us so it will be someone from my office, most likely our broker. We have title companies that do the closings, not attorneys.

Jan 29, 2018 07:22 AM #5
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

In Washington, and most of the west, I believe, the parties do not attend closing together. We also have Title companies handle the closing paperwork, not attornies, as Wanda mentions. We always attend with our clients. 

Jan 29, 2018 07:26 AM #6
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