Closing Day: How to Ensure a Smooth Transition When Selling Your Home
The finish line is in sight! Closing day is the final hurdle before you can officially hand over the keys and move on to your next adventure. While the excitement builds, it’s natural to feel a bit anxious. But with the right preparation, you can get through it smoothly. Here’s what you need to know.
Get Those Repairs Done Early
If you’ve agreed to make repairs, don’t wait until the last minute. Completing repairs at least a week before closing allows time to fix any lingering issues. Keep receipts, invoices, and take photos as proof of completion to avoid any surprises during the buyer’s final walkthrough.
The Final Walkthrough: What to Expect
Typically, 24 hours before closing, the buyers will inspect the home to ensure it’s in the agreed-upon condition. If they spot any issues, you may be able to resolve them before the big day. Sometimes, buyers ask for compensation instead of repairs, so be ready to negotiate—think appliance trades or a small financial concession.
Smooth Sailing on Closing Day
For sellers, closing mostly involves paperwork. You’ll sign about eight documents, including the all-important settlement statement, which outlines the money you’re making on the sale and any tax implications. Double-check the numbers and address any discrepancies with your real estate agent or attorney.
Handling Last-Minute Issues
If the buyer wants to renegotiate on closing day, don’t panic. Often, minor negotiations, like including the washer and dryer, can be settled on the spot. However, big changes—like reducing the price—might delay closing by days or even weeks, as the loan may need to be reprocessed.
Once everything is signed, funds will be transferred, and you’ll receive your payment—often on the same day. Congratulations, you’ve successfully sold your home!
Ready to sell your home without the stress? Let me guide you through the process with ease and expertise. Follow me for more real estate tips and updates, and when you’re ready to buy or sell in the area, I’m your go-to agent!
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