Understanding Closing Costs & The Final Steps to Sold

You’ve accepted an offer and navigated inspections—now it’s time for the final stretch: closing! Understanding closing costs and what happens in these last steps will help you move forward with confidence and avoid last-minute surprises.

What Are Closing Costs?

• Seller Expenses: These typically include agent commissions, title insurance, transfer taxes, and any agreed-upon repairs or credits.
• Buyer Expenses: Buyers cover loan origination fees, appraisal, inspection fees, and sometimes a portion of the title or escrow costs.
• Negotiable Items: Some closing costs are negotiable and can be split between buyer and seller, depending on your agreement.

The Final Steps

• Review the Closing Disclosure: This document outlines all costs and must be provided a few days before closing. Double-check for accuracy!
• Final Walkthrough: Buyers usually do a last check to ensure the home’s condition matches what was agreed upon.
• Sign the Paperwork: Both parties sign the necessary documents to transfer ownership—often at a title company or attorney’s office.
• Hand Over the Keys: Once funds are transferred and paperwork is complete, it’s official: your home is sold!

Selling a home involves many moving parts, but understanding what to expect at closing can make the process smooth and stress-free. With the right preparation and support, you’ll be ready for a successful finish—and a fresh start ahead!