At the end of the whirlwind process of buying or selling a home is settlement or closing. This is the day you’ve been preparing for since you first began your house hunt. It’s the day Foote Title Group has been getting you ready for since you made an offer that was accepted by the seller.
What is this day going to look like?
Settlement will take place at a location that is convenient for everyone. The buyer and seller will be represented either in person or by power of attorney, Foote Title Group will be there, and so will both the seller and buyer’s agents. A representative from the lender may also be present.
This is day when ownership of the property officially transfers from the seller to the buyer. The funds required to complete the transaction will be exchanged, and you’ll be signing the documents that make the transfer of ownership official. Don’t wait until the day of closing to read the documents you’ll sign. Foote Title Group provides its clients with a book of sample documents in advance of closing. Be sure to review this book so that you understand what you’re signing.