News for Prescott AZ - AmericanTowns.com

Monday, April 18, 2011

What is a Closing

If this is the first time you've bought a home, you might like to know more about the process.

The day that you pay for your home and receive the deed is called Closing.

The closing process, also called settlement or escrow, is a brief process where you sign all of the necessary paperwork to complete the purchase of your home.  This is when the title to the property is transferred from the seller to you.  Then you receive the keys to your home and the seller receives payment for the home.  Deeds, loan papers, and other documents are signed at this time, then they're filed with local property record offices.

Note:  The papers you receive here are extremely important.  Keep them in a safe place.

As of closing, all utility bills should be paid in full by the seller.  Now services are transferred to your name for billing.  I can give you the phone numbers for the utility companies, such as water, sewage, gas, and electric.

If you would like to know more about what happens at Closing, please call or send me an email.  I would love to share with you.
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Estate in Arizona or Prescott Arizona is a serious task and should be consulted with personally with Realtor or Real Estate Attorney.  Please visit my website for contact information

http://bradbergamini.com or http://everythingprescott.com

 

 

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