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Closing the Transaction

 

The sale is formally ended at the closing table. In most transaction, the closing lasts less than an hour and often occurs at the title company office. Your REALTORŪ and the buyer's agent may be present, and a title company officer or escrow agent will preside.

Basic documents
The sale actually consists of two transactions: 1) transferring the property to the buyer and 2) paying off the existing mortgage on your home (or allowing the buyer to assume your mortgage). To transfer the property, the title company will present documents proving that you have the title. Proceeds of the sale may be disbursed at closing or shortly thereafter, once all paperwork and verifications has been processed. When you give your house key to the new owners, the sale is completed.

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Source:  Houston Association of Realtors

Setting a Price
Signing a Listing Agreement
The Offer
Closing the Transaction
Back to Buying a Home

Ryan Hicks
ReMax Westside Realtors

15119 Memorial Drive, Suite 100
 
Houston, TX 77079

office (281) 925-3000
cell phone (832) 524-0398
Email: ryan@ryanhicks.com 


Realtors