Posts tagged “Closing”
Practical guides for transaction coordinators and the agents they work with: deadlines, contingencies, documents, signatures and keeping every party in the loop.
Transaction Coordination
Closing Costs for Sellers: What Sellers Pay and Who Pays What
The costs that come out of a seller's proceeds, from commission and transfer taxes to the payoff, prorations and title and escrow fees, with a who-usually-pays table built from state sources and the contract.
Transaction Coordination
Deed vs Title: The Difference, Types of Deeds and Recording
Title is ownership; a deed is the document that transfers it. The types of deeds and what each promises, why recording matters, …
Transaction Coordination
Owner's vs Lender's Title Insurance: What Each Covers and Who Pays
What an owner's title policy and a lender's (loan) policy each protect, how long they last, who pays by state custom and …
Transaction Coordination
How to Extend a Closing Date (or a Contingency Deadline) in a Real Estate Contract
Extending a closing date takes a signed amendment and a few calls most people forget: the lender's rate lock, the Closing Disclosure, …
Transaction Coordination
Seller Closing Checklist: From Contract to Keys
A seller-facing closing checklist a TC or listing agent can send, from contract to closing day and after: payoff, HOA, repairs, utilities, …
Transaction Coordination
Escrow vs Title Company: What Each Does at Closing
The difference between an escrow company, a title company and a closing attorney, which one runs closings where, who holds the earnest …
Transaction Coordination
Closing Binder Checklist: What Goes in a Closing Binder
What goes in a real estate closing binder for buyers and sellers, which documents arrive after closing, how long to keep them, …
Transaction Coordination
What Is a CDA in Real Estate? Commission Disbursement Authorization Explained
A plain explanation of the commission disbursement authorization: what's on it, who prepares and signs it, when it's sent to the closing …