This post was last updated on July 12th, 2021 at 08:23 pm
If you want to sell a house fast you will need a Closing. This is when the magic happens. The last step in a selling your house. This is when everything gets taken care of.
The paperwork gets finalized. Sellers get their money. Buyers get their keys. You are closing, or completing, the transaction! Sometimes it may also called Settlement. This is the time when the last details are taken care of and the sale is finalized. It’s the moment everyone’s been waiting for!
What Happens At Closing?
First everyone shows up at the agreed date and time. Usually at the Title Company. Next everyone will provide a copy of their identification. Then the Settlement Agent will make copy’s of everyone’s I.D.’s.
Typical Closing Documents will:
- Deed’s: The Deed is what actually transfers ownership of the property. The Settlement Agent will usually have several copies in case it gets signed incorrectly.
- Settlement Statements: The Settlement Statements are prepared for both parties. This document gives a breakdown of the expenses related to the transaction.
- Disclosures: The Settlement Agent will have Disclosures that must be signed. There may be several different disclosures.
- Financing Documents: If a buyer is borrowing money the Settlement Agent will have documents for the loan.
- Other Documents: The Settlement Agent will have any other documents that may be needed. This could include survey’s, insurance documents or releases.
What Is A Typical Closing Like?
Once all of the I.D.’s are copied and the documents prepared the Closing can get underway!
First the Settlement Agent will start by explaining the documents. They will go over each document one at a time. This way you understand what you’re signing. They will also be sure you sign or initial in the correct places.
After the documents are signed the Settlement Agent will Notarize the documents. These official copies are usually sent to the County. Everyone involved will usually be given copies of the documents.
After the document are signed the seller gives the keys to the buyer. At this point the Closing is actually complete! Everyone can breath easy. Your house is officially SOLD! Now the house has a new owner!
Does Anything Happen After Closing?
When the Closing is completed the transaction is considered finished. Everything else is the Settlement Agents responsibility. The Settlement Agent will make copies of all the documents. Next they will make sure that the Deed is properly recorded.
The Settlement Agent will make sure that the funds get disbursed. Funds are usually distributed by check from the Title Company. The Title Company may wire funds directly instead of issuing checks.
How Long Will Closing Take?
How long a Closing takes will depend on the specifics of your transaction. If you the buyer is borrowing money a Closing can take several hours. I’ve been in Closings that took all day! Closing day is supposed to be the best part of selling a house. Not something that takes hours to get over with.
Why Is Closing Different When Selling A House Fast With 181-Close-Now?
The 181-Close-Now team always makes Closing as easy as possible. Our average Closing takes less than 10 minutes! We make sure everything is ready before you arrive. Usually it’s just a few signatures and everything is finalized. Our clients tell us it’s the fastest way to sell a house they’ve ever heard of.
How Can 181-Close-Now Close So Fast?
181-Close-Now buys houses as-is. That means there’s no inspections or repairs to deal with. It also makes the Closing process much faster.
Remember 181-Close-Now pays cash for houses. By paying cash we make the Closing process super fast! Since we don’t borrow money to make each purchase there’s less paperwork at Closing. This helps speed the Closing process up even more.
Our Closing Options Analysts work closely with our Title Companies. This means we are able to do a lot of the work before you get to Closing. Our clients tell us we have the FASTEST Closings in Oklahoma!
A Closing that involves appraisals, surveys and inspections can take substantially longer. The average Closing takes about 45 minutes to an hour. If you have a good Settlement Agent your closing should go smoothly.
Ready To Sell Your House And Close Fast?
Selling a house and want to Close fast? We’d like to make you a cash offer. You can give us a call at 181-Close-Now or fill out our Sell My House Fast Contact Form. Your privacy is always protected and there is no obligation.
Have questions, concerns or want to speak with our staff? Just fill out the form below and your message will go directly to one of our Closing Options Analysts. Even if you’re not ready to sell we’re here to help.
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When you sell your house to 181-Close-Now you are working with the most experienced home buying team in Oklahoma. We’ve been featured on NBC News, Fox, The CW, ABC News and many more! Our team has the experience to make selling your house fast for cash as-is easy and stress free!