It is purely the option of the buyer- but highly recommended. Also listed on the closing statement will be a thorough accounting of all expenses related to the sale. This would be financing fees, real estate commissions and recording fees to place the new deed on the public record and the bank in the first position as a lien holder against the property. Note that buyers will be advised the balance of funds they will need to bring to the closing and that amount will have to be in the form of a cashier's check. If properly coordinated, the closing is at a time in which the buyer and seller come together to finalize the process that began way back with the home search.
Ownership is passed on, keys and garage door openers are handed over and money for the sale is paid.
It should not take more than an hour and should be a pleasant and exciting time. Coldwell Banker West Shell, Coldwell Banker Mortgage , Residential Title and the Coldwell Banker Concierge Service pride themselves in offering the innovation, quality and teamwork necessary to make this process a positive one. All Rights Reserved Independently Owned and Operated By NRT Inc.