Should both buyers and sellers be at the closing together, and can things still be negotiated at the closing?

Asked by Starlightdreamer44@gmail.com, New York Thu Jan 24, 2013

Help the community by answering this question:

+ web reference
Web reference:

Answers

3
Timothy Alex…, Agent, West Chester, PA
Thu Jan 24, 2013
For the most part, negotiations are over by closing. You have a signed contract, which you have already agreed to the terms of the sale. If, during the final walk thru, there is something found changed or not in working order (for example, they removed the chandelier from the dinning room when they moved out), there can be some negotiation to keep the sale going. However, there should be no major negotiations.
0 votes
Tim Moore, Agent, Kitty Hawk, NC
Thu Jan 24, 2013
I have been in 2 states Virginia and North Carolina and they do things differently in different states and in different areas. Here in NC the buyer and seller each use a lawyer to represent them. There is no meeting with both at a table, we did that in Virginia and it often got nasty with one side wanting this or that extra and it could be a mess. Here in NC I have not been to a closing in 10 years and the buyers and sellers meet their lawyer and sign papers and the lawyers send a representative to the county courthouse to record and transfer the funds. Works SO MUCH BETTER.
0 votes
Nina Harris, Agent, Williston Park, NY
Thu Jan 24, 2013
Yes, both buyer and seller should be at the closing table together. If something is not in working order that is picked up during the final walk-through, expect negotiations to go on.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more