Step 10: Closing Arkansas

In order to complete your home sale, you will need to go through a closing procedure.

Local Companies

Fairway Independent Mortgage Corporation
501-614-4600
1819 N. Filmore Street
Little Rock, AR
Lau Keith Rl Est
(479) 782-7285
2910 Rogers Ave
Fort Smith, AR
Roberts Steve Real Est
(479) 789-5552
11922 Red Bluff Rd
Hindsville, AR
Fullen John E Real Estate
(501) 767-9691
347 Arrowhead Dr
Hot Springs, AR
Wilson Wm A Real Estate
(870) 535-3223
1801 S Olive St
Pine Bluff, AR
Connections Real Estate Inc
(479) 524-5196
1245 Highway 412 W
Siloam Springs, AR
Wheelington Dot Real Estate
(870) 535-3223
1801 S Olive St
Pine Bluff, AR
Connections Real Estate Inc
(479) 524-9544
1245 Highway 412 W
Siloam Springs, AR
Bob Goodman Real Estate & Auctions Inc
(501) 767-3800
235 Stroope Trl
Royal, AR
Thomas Danny Real Estate
(501) 374-6234
212 Center St
Little Rock, AR

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This is when all parties involved sign the required papers and the ownership of the property is transferred from the seller to the buyer.

Usually within the 24 hours leading up to the closing, you will be able to take a walk-through of the home you wish to buy. This allows you to review the property to ensure than any contingencies listed on your contract have been met and that the house is in condition for moving in. If the home does not meet your requirements, you can request that the closing be delayed or that the seller put money in an escrow account to cover any necessary repairs.

Closing requires a great deal of paperwork. You should keep your records organized and also ask your real estate agent about anything else you might need. Be prepared to submit the good-faith estimate, as well as your contract and insurance information. You will also have to sign a number of legal documents and pay closing costs. Make sure to prepare your finances to pay a significant amount at closing.

Closing can be a stressful time, so it is important that you know what to expect. If you have any questions, don’t hesitate to ask your real estate agent, the closing agent or your lawyer. It is better to be prepared that be left in the dark when the closing comes around.

Published on January 16, 2007

Read full article at realestate.com

Featured Local Company

Fairway Independent Mortgage Corporation

501-614-4600
1819 N. Filmore Street
Little Rock, AR

Related Local Event
Arkansas Association of Realtors Annual Convention
Dates: 9/8/2009 - 9/10/2009
Location: TBD
Little Rock, AR
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