Guide to Selling Your Manhattan Home – The Real Estate Closing
Preparing is vital to a fast and smooth real estate closing.
Definition
The real estate closing is a meeting held where a buyer gives the seller the money in exchange for a deed (condominium) or proprietary lease (co-op). Most closings occur 60 -90 days after the contract is signed.
Location
The real estate closing is held at an attorney’s office, a property manager’s office , an escrow company or your lender’s office. The buyer, seller, attorneys, real estate broker, property manager and possibly a title rep. You may opt to pre-sign documents and have your attorney attend on your behalf.
What to Bring
Government issued ID card such as your passport or driver’s license. Copies of the keys and a certified check or cashier’s check made payable to the title or closing company.
Expect to pay 8% – 10% of the sale’s price for the closing. Here is a handy list of estimated closing costs for sellers, https://goo.gl/2bRWgy.
If you’d like a free evaluation on pricing your home, contact me.