What Documents Are Needed For The Closing?

Documents typically required for a real estate closing include identification, proof of income, bank statements, purchase agreement, loan documents, and closing disclosures. In many cases, buyers and sellers are required to attend the closing in person to sign documents and finalize the transaction. However, some exceptions may apply, such as remote signings.

Expert Tips

Expert Tips  Closing Time Is The Most Important Phase Of The Deal "Real estate closings are the culmination of a process requiring diligence, communication, and coordination. It's a pivotal moment where precision and expertise are paramount to achieving a successful outcome for both buyers and sellers."

How Long Do Closings Take?

Real estate closings typically take 30 to 60 days from signing the purchase agreement to the closing date, though this can vary. Closing costs range from 2% to 5% of the purchase price for buyers and include expenses like loan fees, appraisal costs, and title insurance. Sellers also incur costs, such as real estate agent commissions and prorated taxes. It's essential to review estimated closing costs to understand the financial implications.