Sellers

Upon listing your house – and before you start to pack, gather basic information and documents to provide Weissman via ClosingConnect upon request:

• A copy of your Warranty Deed and Owner’s Title Insurance policy
• If any of the original owners:
  • have filed a property tax appeal – all relevant information
  • have filed for bankruptcy since purchase of property – bankruptcy documents
  • are divorced since purchase of property – divorce documents
  • are deceased – death certificate and probate documentation
• A copy of your most recent property tax and water bill statement
• Your Social Security number (strictly confidential)
• Account numbers and contact information (include equity lines – even if they have a zero balance) for all mortgages/loans/liens, if any
• Condo or homeowners’ association information
• Termite letter/bond, if applicable
• Home Warranty, if applicable
• Your forwarding address
• Wiring instructions for your proceeds
• Any other information that you think will be helpful

• Most critically – provide all requested information to the closing attorney within two (2) days of request.
• Let closing attorney know if:
  • An amendment to your contract is signed
  • The final walk-through results will cause an Amendment changing the sales price or seller paid closing costs
  • One or more sellers will use a Power of Attorney
  • One or more sellers will close by mail
• Schedule any necessary property repairs as soon as possible and keep receipts.
• Do not schedule vacation or out of town trips during the week of your scheduled close date.
• Make no draws on any home equity line of credit loans within 30 days of closing.
• Do not close any equity lines or mortgages secured by the property within 30 days of closing without first consulting with Weissman to avoid a possible delay of closing.
• Contact your homeowner’s insurance company to let them know you will be moving, and set up insurance for your new home.
• Continue to pay all mortgage payments, association assessment payments, and utility bills as they become due to avoid penalties for late payments.

At the closing, the buyer, seller, and their real estate agents meet with an attorney to finalize the purchase and sale of the home.  The attorney will explain the settlement statement which itemizes the parties’ contractual costs, any loan fees, allocations between the buyer and seller for various costs related to the home, the amount due from the Buyer and the proceeds payable to the Seller. The Buyer signs any required loan documents and the Seller signs the deed transferring title to the home to the buyer. Once all necessary documents are signed, the final approval is received by any lender, and the receipt of all necessary funds is confirmed, the attorney distributes the net proceeds to the Seller and makes all other disbursements. Generally the closing is completed within thirty minutes to an hour.

The buyer(s), seller(s) and real estate agent(s) typically all attend the closing.

• A valid, non-expired photo ID such as a driver’s license, passport or other government-issued ID
• Your wiring instructions if you would like your proceeds wired to you after closing
• Any documents your lender or Weissman requests you bring

Generally the closing is completed within thirty minutes to an hour.

Your proceeds are wired to your bank account using wiring instructions you submit to Weissman through ClosingConnect.  The wire is initiated the day of closing. If you prefer, Weissman will provide a check at closing.