Bluefield, WV
304-323-2491
Princeton, WV
304-425-7563
Buying a Home
Closing Procedures
The closing process is always changing. With increased technology, most closings are completely automated and neither party needs meet with the other to sign.
Closings usually take about 30 days to complete from the time your offer is accepted. This mainly depends on the buyer's financing availability, successful home inspection completion, and various lender conditions (ex. title search, title insurance, termite inspections, surveys and appraisals).
The closing process is the transfer of the title of the property from the buyer to the seller. The buyer may receive the keys to property, but in most cases the seller has 30 days from the closing to move before the buyer takes procession of the home. The amount the seller receives is based upon the amount that is still owed on the mortgage, any outstanding fees or taxes and any additional closing costs. All legal papers are filed with the local record office.
It is in this step where the buyers and sellers do very little but sign paperwork. Make sure though, that you pay attention, and that everything you sign was what you previously agreed to. Don t be afraid to ask questions so you fully understand what you are signing and your obligations.
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Mike Tyree, Broker - Jeff and Nancy Livingston, Owners Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 02/23/2012. The listing information on this page last changed on 02/23/2012. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Mercer/Tazewell MLS (last updated Wed 02/22/2012 6:27:20 AM EST). Real estate listings held by brokerage firms other than C21 Select Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --
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