According to a recent report from the National Association of Realtors, 86% of homebuyers reported difficulty and confusion in understanding the buying process and paperwork.

Here are the steps to close the sale once the purchase and sale agreement has been signed. Please know I will walk you through this step by step to make sure this is a smooth and enjoyable process.

Step 1 - Contingency removal: The most common contingencies are inspection, financing, and the sale of the buyer's current home. These conditions must be removed or waived before the sale can close.

Step 2 - Appraisal and title report: The buyer's lender requires a formal appraisal to confirm the value of the home. This is used as collateral to secure the loan. The title report ensures that the seller has clear title to the property and has the right to transfer ownership.

Step 3 - Prepare closing documents. Escrow service companies or real estate attorneys prepare documents that confirm the transaction, prorate funds, etc.

Step 4 - Signing closing documents: Although both parties may have signed closing documents and deposited funds, the sale actually closes when the deed is recorded and the proceeds are available to the seller.

Step 5 - Signed documents go to the lender for final review.

Step 6 - The deed is recorded and funds disbursed.

Step 7 - The seller receives the proceeds and the moving van arrives.

Step 8 - The buyer gets the keys.

There are many opportunities for surprises or delays in a transaction. Part of my expertise is in troubleshooting problems that arise in the closing process. Please email or call me if you have any questions or you would like more information.