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June 17, 2019

If you are buying or selling a Tucson house and wonder what happens on closing day, check out the video below for a quick tutorial.

List – SAVE $ Sell!  www.GetMyHomeBuyer.com Save $1000’s when you list and SELL your Tucson Home.

Search all Tucson home for sale at www.TucsonHouseHuntOnline.com

 

While this video simplifies things to help you remember: you’ll present your paid homeowner’s insurance policy or a binder and receipt showing that the premium has been paid. The closing agent will then list the money you owe the seller remainder of down payment, prepaid taxes, and so on. and then the money the seller owes you unpaid taxes and prepaid rent, if applicable.

The seller will provide proofs of any inspection, warranties, and so on. Once you’re sure you understand all the documentation you’ll sign the mortgage, agreeing that if you don’t make payments the lender is entitled to sell your property and apply the sale price against the amount you owe plus expenses.

You’ll also sign a mortgage note, promising to repay the loan. The seller will give you the title to the house in the form of a signed deed. You’ll pay the lender’s agent all closing costs and, in turn, he or she will provide you with a settlement statement of all the items for which you have paid.

The deed and mortgage will then be recorded in the state Registry of Deeds and you will be a homeowner.

List – SAVE $ Sell!  www.GetMyHomeBuyer.com Save $1000’s when you list and SELL your Tucson Home.

Search all Tucson home for sale at www.TucsonHouseHuntOnline.com

Call, Text or email any questions you may have 520-428-1499, John@JohnGSELLShomes.com

About the author 

JohnGiammarco

JohnG has been a licensed Real Estate professional for over 20 years in three separate states. He has a master's degree in business and has to many personal real estate transactions to count. With this much experience it's safe to say JohnG knows a thing or two about how to sell a home. He is dedicated to helping homeowners discover the truth about the real estate industry and the COMMISSION LIE, many agents and brokers perpetrate in order to earn an income at your expense.  He says "if your paying a commission to sell your house your paying way to much!"

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