Question Details

Kerrie, Home Seller in 99202

What happens after the closing for the seller?

Asked by Kerrie, 99202 Tue Jun 5, 2012

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The answer to this question is found in the contract. Typically, the transfer of the home occurs at time of "closing and funding" and funding normally occurs same day as the closing. So, if this is the case, the seller fades off into the sunset - hopefully with some money if there was equity in the home.

If there was a leaseback or some other transfer stipulations in the contract, then those would be followed. Otherwise, the seller is usually out of the picture and goes about the rest of their life after closing. Good Luck!
0 votes Thank Flag Link Tue Jun 5, 2012
Kerrie your state may have a different tradition however i can tell yiou what happens here. The buyer conducts a walkthrough prior to closing, the buyer and seller sign the closing docs at closing. The seller receives their check and the seller gives the keys to the buyer. Some times sellers negotiate with the buyer to remain after closing. Your listing agent should guide you through the selling and closing process.
0 votes Thank Flag Link Tue Jun 5, 2012
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