- CLOSING -

Closing marks the final step in your journey, where all necessary documents are signed, funds are transferred, and ownership of the property officially changes hands.

Traditionally, closings take place at the title or escrow company, but thanks to modern technology, remote closings are becoming increasingly common, offering added convenience to buyers.

At YELLOW, we recommend title services that facilitate remote closings, saving you the hassle of traveling to a physical location.

ADDITIONAL RESOURCES

• Realtor.com Remote closings
• Real Estate Law Blog I’ll Take That Closing to Go Please

- WHAT TO EXPECT -

As the seller, do you need to attend the closing?

Your presence at the closing is usually unnecessary. Closing for sellers is less involved than for buyers. You'll pre-sign paperwork and ensure funds from the sale are wired to your bank account.

As for any costs, seller fees and taxes typically range from 2-4% of the sale price. These costs are deducted from your sale profits and are paid at closing. You'll only need to bring funds if your equity doesn't cover these costs.

WHAT TO EXPECT

• SIGN DOCUMENTS

  At the closing, you'll sign all legal documents related to the property sale.

• HAND OVER KEYS

  The keys are handed over to the buyer and you will have now vacated the premises.

• CLOSE ESCROW

  The escrow agent will handle the final steps, including transferring the deed, paying off your mortgage balance, covering closing costs, and transferring your profit.

ADDITIONAL RESOURCES

• Zillow Closing: what every seller needs to know
• Zillow Checklist: what to hand over to the new owner
• Zillow Closing costs for sellers
• Landmark HW What should you bring to closing? (scroll halfway down the page)