If you’ve never sold a house in California before, you probably have a lot of questions regarding the process. We are the real estate specialists you need to guide you through the process at Berkshire Hathaway HomeServices. We’re going to talk about what to expect during your closing today. You may call us at (310) 373-0021 if you need assistance selling or purchasing a house.
The seller is not always required to be present at the closing
One of the most crucial things to remember is that, while the buyer is always compelled to attend the closing, the seller is not. They may be required to sign paperwork in person, or they may be permitted to sign the deed and other documents in advance. It is also possible to appoint an attorney as your Power of Attorney, allowing them to sign documents on your behalf.
The proceeds from the sale can then be sent to your bank account or escrow account for your new house. Some scenarios will necessitate your presence, while others will not. Although you may not be needed to be there, you may choose to sign in person. Skipping the closing, on the other hand, may be simpler for some – particularly if they have reason to suspect the buyer is unhappy with any of the sale’s terms.
What to anticipate following the closing
When the individual in escrow pays off the lender and any other lien holders on the property, the closing is complete. The revenues of the sales will subsequently be paid to you. The buyer’s deed and mortgage are sent off to the country recorder to be recorded. The buyer receives all additional transfer documentation.
You are no longer the legal owner of the property once the closure is completed. Unless the sales agreement specifies otherwise, you must hand over the keys, the garage door opener, and any other similar device that controls the home or its appliances to the buyer. Before the closing, you should be entirely out of the residence. It should be left in the best possible condition.
If you stay over the closing date, the buyer may be able to lawfully evict you. If you do not clean the house properly, you may be sued by the seller for breach of contract. If you don’t think you’ll be able to leave before the closing date, speak with your agent about negotiating a post-close possessional arrangement. This has to be completed as quickly as feasible.
Every closing is unique, but we have seen hundreds of them at Berkshire Hathaway HomeServices. We’ll guide you through the steps and make sure you’re prepared. If you require the services of a buyer’s agent or a seller’s agent, please contact us at (310) 373-0021.