Before entering into a contract for sale of real estate, make sure any disclosure statements and consumer notices are exchanged between the parties as is required by that state's laws. Once, that is completed, a written contract should be prepared explaining the rights and obligations as well as the time frame to complete any contigencies of the contract. Oonce that is completed, the chosen title insurance company can be given a list of charges by both parties and a HUD 1 settlement sheet can be prepared and reviewed by both parties. If all is acceptable then a final settlement date can be set. If there are items of disagreement, they should be resolved before setting up a settlement date. If, the disagreements cannot be resolved between the parties, than an attorney or real estate professional should be retained to work out any difficulties. If the difficulties cannot be resolved perhaps it would be best to terminate the transaction.