You have Javascript Disabled. Javascript is required for this site to work properly.
Midland's 2015 & 2016 Sales Person of the Year

Closing

Closing can also be referred to as settlement or escrow. Local area and state laws can vary, which is why enlisting Matt Rapanos is sound advice.

In general, the closing process begins with the acceptance of an offer. Prior to closing, all conditions of sale (also known as contingencies) must be met. The most common - and obvious! - is the buyer's ability to secure a new mortgage.

A title company is usually hired to conduct a search for any recorded documents that affect the deed to the property. Examples include easements, liens, tax assessments, covenants, conditions and restrictions, and homeowner association bylaws. The buyer and lender must approve the preliminary title report prior to closing.

Once the conditions of sale have been met and the preliminary title report has been approved, all parties will agree to sign closing documents. The preliminary title report then becomes the final title report, on which any applicable title insurance is based. After the documents have been signed, notarized copies will be forwarded to the lender, funds will be released, and the sale will be recorded at the local recorder's office.

Get started selling

Contact Matt