Arriving at the title company to sign all the real estate documents to purchase your home can be stressful – this is one of the largest purchase you will ever make. So I am here to tell you exactly what it will be like.
First, you will be greeted by your closer and the closer will show you to a conference room. The closer will generally sit at the head of the table for ease of passing documents back and froth from the Buyer and Seller to sign.
The Seller and Sellers Broker will be on one side of the table and the other side will be the Buyer, Buyers Broker and at times Lender. The closer will ask for your government issued identification and review the loan documents with the Buyer. This process generally takes about 40 minutes.
If the Lender is requiring funding conditions, the closer may step out of the room to begin that process. The closer will then review with the Buyer and Seller the Real Estate documents – such as the Buyers Settlement Statement, Sellers Settlement Statement, Warranty Deed, etc. This process takes about 20 minutes.
The Closer will then accept “good funds” from the Buyer and Lender (cashier’s check or wire). The Closer will then take the funds and distribute per the contract.
Only 2 more steps to go: the closer will ask Buyer, Seller and Brokers how they would like to receive copies of the signed documents – email, hard copy or both.
And for the final step, Seller hands the keys to the Buyer. It is that simple. Congratulations you are officially a homeowner in Colorado.
