4 Tips for a Successful Residential Real Estate Closing Process

Whether you’re buying or selling a home in New York, closing day is the most important day in the process. It’s the day you’ll take or relinquish ownership of the property. To ensure a successful closing day, you’ll want to handle the closing process with care. Here are a few tips for a successful residential real estate closing process:

 

  • Taking Care of the Paperwork

 Keep all papers – forms, receipts, and documents in one place. This will save you time and prevent any delays in the paperwork process. If you need to take out an item from your file, make sure to do so ahead of time, and put it back in place as soon as possible. If you’re buying or selling a house, make sure all your invoices are paid ahead of time. This prevents the seller or buyer from trying to pull a fast one on you.

 

  • Dealing with the Title Company

Your title company will provide you with all of the documents required by New York. When they do, make sure you read and understand each form. We’ve all heard horror stories about people not understanding paperwork, but it doesn’t have to happen to you. Just make sure you know what every document means before signing it.

 

  • Do Your Due Diligence before closing on the deal

 You’ll want to make sure all property taxes have been paid. If you’re buying a house, make sure the seller has paid off all mortgage obligations – and make sure they transfer the title over to you. This will ensure ownership of the house is transferred in your name and not that of another party.

 

  • Consider Hiring a Real Estate Attorney

Just about every state requires you to hire a NY real estate attorney to accompany you to the closing process. Make sure to hire one with closing experience. It’s always a good idea to hire an attorney when buying or selling property – it gives you peace of mind in case something goes wrong.


When the day comes to sign and exchange documents, you’ll want to make sure you bring everything with you and have a copy of every single document. Good Luck!


 

Get in touch and schedule a call to find your dream home in New York City !!

Real Estate Lawyer Queens R.A Esq. 88-02 136th St, Jamaica, NY 11418 (718) 206-1555 https://realestatelawyernys.com/

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