Seller Guide
Seller Guide
Selling a home involves several steps between accepting an offer and completing the closing process. Understanding what happens during this time can help ensure a smooth and efficient transaction.
The resources below provide an overview of what sellers can expect throughout the closing process.
The Seller’s Closing Process
Once a purchase contract is signed, the title company begins working with the buyer, seller, real estate agents, and lender to prepare the transaction for closing.
Typical steps include:
- Opening the title order
- Reviewing the property’s ownership history
- Identifying any liens or title issues
- Issuing the title commitment
- Coordinating with the buyer’s lender
- Preparing closing documents and settlement statements
Once all requirements are satisfied, the transaction proceeds to closing and the deed is recorded in the county property records.
Understanding Seller Closing Costs
Sellers are responsible for certain costs associated with transferring ownership of the property. These may vary depending on the contract and local market practices.
Common seller costs may include:
- Title insurance policy
- Real estate commission
- Property taxes prorations
- HOA document fees or transfer fees (if applicable)
- Existing lien or mortgage payoff
The settlement statement prepared by the title company will outline all financial details of the transaction prior to closing.
Preparing for Closing Day
Before closing, sellers should make sure the following items are addressed:
- Any outstanding liens or mortgages are ready for payoff
- HOA resale certificates or documents have been provided (if applicable)
- Property keys, garage remotes, and access items are prepared for transfer
After Closing
Once all documents are signed and funds are received, the transaction will fund and the deed will be recorded with the county.
After recording, ownership officially transfers to the buyer and the transaction is complete.
Questions About Selling Your Home?
If you have questions about the closing process or preparing for your upcoming closing, our team is here to help.
Contact us at 512-459-1110 to speak with a member of our team.