As a real estate agent in the [Profile.market2] area, I’ve found that one of the biggest questions my clients have is: “What really happens at closing?” In this article, I’ll take you step by step through what really happens in the closing process. By the end of this article, the closing process should no longer be a mystery to you.

The Closing
The closing is when the Port Angeles seller, the buyer and all other parties involve meet to finalize all the documents in the sale. The seller signs the deed of the house over to the buyer and the buyer pays the price agreed in the contract.

Documentation
The Port Angeles seller also provides any other documentation necessary to the buyer. This can include insurance papers, evidence of title, inspection reports (including any needed repairs) and so on.

 
Title Insurance
Title insurance is also paid at closing. Title insurance is an insurance that assures your title is clean. You pay to have a public records search conducted and once you get a clean bill of approval, the title is considered clean. If any contradictory records come up later, you are covered by title insurance.

Escrow
Often times closing is done through escrow with a Port Angeles title company. Closing through escrow means that the sale is done through a third party that has no financial interest in the sale.  This helps assure the safety of both parties by having the third party sign off on the sale once both sides have fulfilled their respective responsibilities.

At the End of Closing
Several other things also happen during the closing process:
Commissions for Port Angeles real estate agents are also paid during closing.
The buyer receives the keys to the home
Legal documents are recorded. This is the final step to the closing process.

There is a lot of free information available to you about buying, selling or investing in Port Angeles real estate. For complete information about the Port Angeles real estate market including current homes for sale, Port Angeles property values and more please visit the most complete website online dedicated to everything Port Angeles  real estate.  Feel free to contact me with any of your Real Estate or Mortgage questions / concerns and I’ll be more than happy to answer them. Call me on my cell at 360-809-3064 or email me at steveedwards@olypen.com

For complete details on everything Port Angeles Washington Real Estate visit our website at:  http://port-angeles-real-estate.com 

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 Tags: Port Angeles Real Estate, Port Angeles Realtor, Port Angeles Real Estate Agent, Steve Edwards, Closing

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