Closing Process FAQs
Navigating the Closing Process
The real estate closing process is often complex, but knowledge and preparation are key to ensuring a clear transfer of title and making sure all parties enjoy a smooth, stress-free closing process.
From contract to close, the NFAAT team is dedicated to providing personalized guidance and support to ensure you have the information and resources you need to close with confidence. Below are some of the most commonly asked questions we receive related to the closing process.
Closing Process FAQs
Closing costs can be negotiated between the buyer and the seller. Typically, each party pays for their own closing costs, but sometimes, to facilitate the sale, the seller may agree to cover some or all of the buyer’s closing costs.
From contract to close, the timeline can vary, typically ranging from a few days to several weeks, depending on the complexity of the transaction.
The closing disclosure outlines the final terms of the loan and closing costs for a buyer. As a buyer, you will typically receive your Closing Disclosure at least three business days prior to closing for review. If you’re the seller, you may not receive a Closing Disclosure, but you will receive a settlement statement outlining your portion of the costs and proceeds.
There are many options if you can’t or choose not to attend closing in person. Call our office for more information.
After all existing financial debts related to the property are paid, proceeds are typically provided via secure wire transfer or cashier’s check.
Yes, the closing date can be adjusted if the buyer and seller agree. If you need to change your closing date, please contact our office as soon as possible so we can notify all parties and prepare for the adjustment.
Depending on the cause, you may need to renegotiate the closing date, resolve any outstanding issues, or, in some cases, prepare for the sale to be canceled. Delays may be caused by unforeseen financing issues, title discrepancies, or last-minute discoveries during the final walkthrough.
Contact us if you have additional questions about the closing process.
