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Closing

Closing

Closing is the formal process by which ownership passes from the seller to the buyer. You will sign the settlement papers and a mortgage note if you finance, while the sellers will sign the settlement papers and the deed.


The Buyer brings a certified check for the down-payment and other costs, the bank brings a check for the amount of mortgage, and the Seller signs the deed over to the Buyers. Other required documents are signed by both the buyer and seller, and a settlement sheet is drawn up so that all parties understand their costs.


Typically, when the Buyer leaves the settlement or closing table, they have made arrangements to receive the keys to the house, have signed the mortgage and will begin making monthly payments, and can take possession of their new home as soon as agreed upon.


Congratulations and welcome

to your new Ohio home!

 
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Make It Great! Real Estate LLC
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George Byrd, Broker
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