After the searching for a buyer has been done, the negotiations have been completed, the house has been inspected, and the mortgage has been applied for and committed to, the focus suddenly turns to the Closing, Settlement, or Escrow as it’s known in some localities. For simplicity, in our discussions here we will refer to the process when it all comes together and you finally sell your house as Closing. An understanding of the elements of and players in the closing, as well as a concise preparation for it, will eliminate many nervous hours as the day approaches.

It is the proverbial “signing on the dotted line.” The process of which will take the title to the house out of your name and put it into someone else’s, the keys to the house leave your hands for the last time and are delivered to the buyers. The weeks and months of anticipation are all settled in a very short amount of time at the closing.

Closing procedures will vary in different localities. In some areas, the buyers and sellers (as well as the Real Estate Agents) will all attend the closing. In other areas, only the buyers will be present. The closing will take place at the office of an Attorney, a Title Company, or an Escrow Company. In general, though, the closing will be attended by all of the buyers involved and their Real Estate Agent, as well as the Closing Agent.

As a seller, you will in all probability have an attorney who will represent you, either physically at the closing or through a review of all the documents relating to the sale. At the very least, your attorney or title company will prepare the deed and coordinate all paperwork with the buyer’s Attorney or Closing Agent.