What happens at settlement or closing?

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Rainmaker
921,504

Annette Lawrence , Palm Harbor, FL 727-420-4041

ReMax Realtec Group - Palm Harbor, FL

Making FLORIDA Real Estate EZ

Money re-distributed.

Keys change hands

People get paid

Some cry, some dance.

Then everyone moves on.

Dec 30, 2016 10:46 AM

Upvote

4

Nina Hollander, Broker

Charlotte, NC
Tony and Suzanne Marri...

Scottsdale, AZ
Candice A. Donofrio

Fort Mohave, AZ
David M. Dwares

Fort Lauderdale, FL

Rainmaker
5,255,229

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Real Estate Broker

Papers are signed, money and keys pass. Why am I feeling like this is a trick question?

Dec 31, 2016 06:04 AM

Upvote

2

Sandy Padula & Norm Pa...

, CA
Bob "RealMan" Timm

Minot, ND

Ambassador
2,700,137

Fred Griffin Florida Real Estate

Fred Griffin Real Estate - Tallahassee, FL

Licensed Florida Real Estate Broker

The show is over.

Dec 30, 2016 07:45 PM

Upvote

2

Sandy Padula & Norm Pa...

, CA
Nina Hollander, Broker

Charlotte, NC

Ambassador
3,762,439

Patricia Kennedy

RLAH@properties - Washington, DC

Home in the Capital

The seller gets the money and the buyer gets the keys. And lots of pages get signed.

Dec 30, 2016 07:59 PM

Upvote

1

Nina Hollander, Broker

Charlotte, NC

Rainmaker
2,493,013

Bob "RealMan" Timm

Ward County Notary Services - Minot, ND

Owner of Ward Co Notary Services retired RE Broker

It means PAYDAY!

Dec 30, 2016 06:42 PM

Upvote

1

Nina Hollander, Broker

Charlotte, NC

Ambassador
2,547,923

Kat Palmiotti

eXp Commercial, Referral Divison - Kalispell, MT

Helping your Montana dreams take root

My clients and I do a happy dance around the closing table. It's really a sight to see.

Dec 30, 2016 04:33 PM

Upvote

1

Sandy Padula & Norm Pa...

, CA

Rainmaker
1,091,655

Candice A. Donofrio

Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ

928-201-4BHC (4242) call/text

A lot of merriment.

Dec 30, 2016 11:31 AM

Upvote

1

Sandy Padula & Norm Pa...

, CA

Rainmaker
5,068,695

Richard Weeks

Dallas, TX

REALTOR®, Broker

If all goes well buyer and seller sign everything, it closes, funds, and you get paid.

Dec 30, 2016 10:29 AM

Upvote

1

Sandy Padula & Norm Pa...

, CA

Rainmaker
5,966,958

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Lots of paper signed, money exchanges and then keys are passed out.

Jan 01, 2017 01:20 PM

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Ambassador
6,627,583

Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

exchange of property and money, and lots of paperwork

Dec 31, 2016 05:47 PM

Upvote

Rainmaker
1,531,194

Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

Buyers get the keys, everyone gets money who has it coming to them.

Dec 31, 2016 01:43 PM

Upvote

Rainmaker
1,746,427

Sandy Padula & Norm Padula, JD, GRI

HomeSmart Realty West & Florida Realty Investments - , CA

Presence, Persistence & Perseverance

Buyers and Sellers remorse.

Dec 31, 2016 10:47 AM

Upvote

Ambassador
3,409,490

Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

How that is done will vary in each state. Ultimately, title transfers from the sellers to the buyers and funds are disbursed.

Dec 31, 2016 10:23 AM

Upvote

Rainmaker
918,093

Olga Simoncelli

Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT

CONSULTANT, Real Estate Services & Risk Management

Buyer signs mortgage (usually); seller gets proceeds, buyer gets a house, real estate agent gets commission, attorney gets a feee.

Dec 31, 2016 06:06 AM

Upvote

Rainmaker
3,073,909

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Coldwell Banker Realty

Annette Lawrence , Palm Harbor, FL 727-420-4041 nailed this one!

Dec 31, 2016 05:04 AM

Upvote

Rainmaker
4,434,227

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Others have answered.

Dec 31, 2016 05:02 AM

Upvote

Rainmaker
2,234,767

Debbie Laity

CinaJones Real Estate - Cedaredge, CO

Your Real Estate Resource for Delta County

Hopefully you will have happy buyers and sellers.

Dec 30, 2016 07:37 PM

Upvote

Rainmaker
4,800,282

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

Settlement and closing.

Dec 30, 2016 06:15 PM

Upvote

Rainmaker
750,431

Lynnea Miller

Bend Premier Real Estate - Bend, OR

Premier Real Estate Service in Central Oregon

The escrow officer reviews all the closing papers with the buyer/seller and gets signatures on all the appropriate documents. For a buyer, if there is a loan, there are many loan documents to review and sign as well.

Dec 30, 2016 06:12 PM

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Ambassador
5,441,595

Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

The transfer of funds so that the parties can transfer real property.

Dec 30, 2016 04:32 PM

Upvote

Rainmaker
4,321,670

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

abby tiscareno - transfer of money and real estate!

Dec 30, 2016 02:55 PM

Upvote

Rainmaker
3,988,138

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

The seller transfers title, gets paid, I get paid, the buyer gets the keys and pays for the property.

Dec 30, 2016 02:47 PM

Upvote

Rainmaker
1,618,024

Harry F. D'Elia III

WEDO Real Estate and Beyond, LLC - Phoenix, AZ

Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

property sold

Dec 30, 2016 11:54 AM

Upvote

Rainmaker
1,157,841

FN LN

Toronto, ON

It depends on the jurisdiction as the processes can differ.

Dec 30, 2016 11:16 AM

Upvote

Ambassador
5,141,929

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

It varies from state to state. Here we do not sit around a table and sign paperwork, handle checks, etc - it's all done behind the scenes. Once escrow has all buyer funds (downpayment, closing costs, lender funds) and all documents the deed is sent to the records office and authorized to be recorded

Dec 30, 2016 10:53 AM

Upvote

Rainmaker
8,087,974

Roy Kelley

Retired - Gaithersburg, MD

The documents are signed and the settlement takes place.

Dec 30, 2016 10:41 AM

Upvote

Rainmaker
1,713,576

Joe Pryor

The Virtual Real Estate Team - Oklahoma City, OK

REALTOR® - Oklahoma Investment Properties

In Oklahoma it is table funidng so the transfer and possession comes when all monies are accounted for.

Dec 30, 2016 10:37 AM

Upvote

Rainmaker
1,466,257

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

abby tiscareno All paperwork is signed, the property is funded and when recorded the deed will transfer to the new owner.

Dec 30, 2016 10:32 AM

Upvote

Rainmaker
5,584,078

Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

Previously Affiliated with The Todaro Team

buyer and seller signs....deed gets recorded....agents get paid.... done

Dec 30, 2016 10:18 AM

Upvote

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Money re-distributed.

Keys change hands

People get paid

Some cry, some dance.

Then everyone moves on.
Papers are signed, money and keys pass. Why am I feeling like this is a trick question?
The seller gets the money and the buyer gets the keys. And lots of pages get signed.
My clients and I do a happy dance around the closing table. It's really a sight to see.
If all goes well buyer and seller sign everything, it closes, funds, and you get paid.
Lots of paper signed, money exchanges and then keys are passed out.
Buyers get the keys, everyone gets money who has it coming to them.
How that is done will vary in each state. Ultimately, title transfers from the sellers to the buyers and funds are disbursed.
Buyer signs mortgage (usually); seller gets proceeds, buyer gets a house, real estate agent gets commission, attorney gets a feee.
Annette Lawrence , Palm Harbor, FL 727-420-4041 nailed this one!
The escrow officer reviews all the closing papers with the buyer/seller and gets signatures on all the appropriate documents. For a buyer, if there is a loan, there are many loan documents to review and sign as well.
The transfer of funds so that the parties can transfer real property.
The seller transfers title, gets paid, I get paid, the buyer gets the keys and pays for the property.
It varies from state to state. Here we do not sit around a table and sign paperwork, handle checks, etc - it's all done behind the scenes. Once escrow has all buyer funds (downpayment, closing costs, lender funds) and all documents the deed is sent to the records office and authorized to be recorded
In Oklahoma it is table funidng so the transfer and possession comes when all monies are accounted for.
abby tiscareno All paperwork is signed, the property is funded and when recorded the deed will transfer to the new owner.
buyer and seller signs....deed gets recorded....agents get paid.... done