• Menu
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Sonny Florida Real Estate

Florida Luxury Homes from Sonny Solomon

Header Left

Header Right

Header Left

Header Right

  • Home
  • Luxury Home Communities
    • Boca Raton Luxury Homes
    • Palm Beach Luxury Homes
    • Singer Island Luxury Homes
    • Treasure Coast Luxury Homes
    • Vero Beach Luxury Homes
  • Tips & Resources
    • For Home Buyers
    • For Home Sellers
    • Mortgage Tips
  • About
    • Meet the Team
    • Testimonials
    • Contact Us
  • Home
  • Luxury Home Communities
    • Boca Raton Luxury Homes
    • Palm Beach Luxury Homes
    • Singer Island Luxury Homes
    • Treasure Coast Luxury Homes
    • Vero Beach Luxury Homes
  • Tips & Resources
    • For Home Buyers
    • For Home Sellers
    • Mortgage Tips
  • About
    • Meet the Team
    • Testimonials
    • Contact Us

Florida Home Sale Closing Process

March 4, 2016 //  by Sonny Solomon

The closing (also referred to as settlement) is usually the final step for a home buyer or seller. It is often a day of both apprehension and excitement. It is important to understand what to expect and what can lead to delays. Below is an introduction to Florida home sale closing process for purchases with a mortgage.

Clear to Close

A clear to close is issued by the lender after all contingencies have been met. This may not be received until shortly before the planned transfer date. Sometimes a tentative date and time is determined, however, the clear to close must be received before a complete closing can take place. Loan officers and Realtors will track the progress of this important milestone.

Scheduling of Closings

Beyond the clear to close, there are several other factors that determine the timing of closings. The most common are document receipt, issuance of funds, and registry of deeds hours. The settlement agent needs paperwork from the mortgage company and requires enough time to compile the HUD-1 settlement statement. The funds must also be wired to the settlement agent (unless other arrangements are in place), so variances in time zones can be important. After paperwork is signed, it must be submitted to the registry of deeds, which usually have specific hours of operation. All of these factors, in addition to the schedules of the parties in the transaction, will play a role in scheduling.

Items Needed at Closing

To facilitate a successful closing, buyers and sellers must bring certain items. The first is legal identification for all persons signing paperwork. Secondly, any money owed must be certified (bank check, money order, or similar form of payment). Finally, it is a good idea to also bring a personal checkbook for any final changes to the closing figures. Other items may be needed beyond this, but these are the most common.

Florida Home Sale Closing Process

Closings can be stressful as you get ready to move and must also complete the requirements of the closing itself. Keep the above items in mind to make Florida home sale closing process a little less confusing. Your real estate broker will also keep you updated on important steps and assist you through the process.

Category: Home Buyer, Home SellerTag: closings, Florida

About Sonny Solomon

I am here to help you! I will do everything for you: Safeguard your interests, negotiate prices, arrange financing, and manage the closing. And the best news is that my services are free to you. There are no hidden charges or obligations, because all fees are paid by the sellers. Contact me for assistance with your home search.

Previous Post: « Updated FHA Mortgage Limits For Florida
Next Post: An Overview Of Commonly Used Mortgage Lingo »

Primary Sidebar

Blog Topics

  • Boca Raton FL (2)
  • Real Estate Information (142)
    • Home Buyer (61)
    • Home Repair (21)
    • Home Seller (23)
    • Market Updates (4)
    • Mortgage Info (42)
  • Singer Island FL (1)
  • Treasure Coast FL (1)
  • Boca Raton Homes (1,788)
  • Palm Beach Homes (676)
  • Singer Island Homes (29)
  • Palm Beach FL (8)

Find Content

Site Footer

Copyright © 2023 Sonny Florida Real Estate · All Rights Reserved · Powered by Lanergy Solutions