Carol Staab
Associate Broker
Douglas Elliman
111 Fifth Avenue
New York , NY 10003

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How To Have a Smooth Real Estate Closing

Guide to Selling Your Manhattan Home – The Real Estate Closing

Preparing is vital to a fast and smooth 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.