All Topics > Real Estate Resources > Selling > Guide to Selling a Home > Step 5: Closing on Your Home Sale >

Step 5: Closing on Your Home Sale Massachusetts

The following real estate tips contain all the information you need to know about closing on your home sale. Read on for simple yet effective selling ideas for yourMassachusetts home.

Local Companies

JPMorgan Chase - Home Mortgage
(617) 429-2059
400 Blue Hill Drive, Ste. 190
Westwood, MA

Pioneer Financial Group
(617)8686300
1972 Massachusetts Avenue
Cambridge, MA

Omnify Software
978-988-3800
10 New England Business Center Drive
Andover, MA

First Call Mortgage Company
603-247-2885
100 Brickstone Square
Andover, MA

Emerson Lending
978-264-4803
179 Great Road
Acton, MA

American Honda Finance Corp
(413) 567-0844
171 Dwight Rd
Longmeadow, MA

MetLife Home Loans
508-667-2981
586 Kelly Boulevard
N. Attleboro, MA

SB Mortgage Group Inc
508-407-5430
206 Southbridge St
Auburn, MA

American Mortgage Resource, Inc.
(617)9728588
62 Mount Auburn Street
Watertown, MA

First Eagle Mortgage
978-777-7767
44 Maple Street
Danvers, MA

provided by:

Prior to most home closings, there are contingencies that must be met and paperwork that has to be taken care of.

Contingencies

A contingency allows the buyer to back out of a contract if certain conditions are not met within a certain period of time. Some of the most common contingencies include the following:

Inspection – Almost all home contracts have a contingency requiring the home to satisfactorily pass inspections. The buyer pays an inspector to examine the home and find any potential problems. The buyer and seller then agree on what has to be fixed and when. This must be done prior to closing.

Financing – Usually, home sale contracts also have a contingency involving financing. The buyer must be able to get the mortgage specified in the contract. If this cannot happen, the contract is void.

Appraisal – Many buyers make a contingency that the home must appraise for at least the selling price. Since the financing is dependent on this, it is important. Either the buyer or your REALTOR® will arrange for the appraisal.

Once all the contingencies are met, the sale can go forward. Your REALTOR® will draw up all the closing documentation, including the settlement statement or HUD-1. This lists out all the costs of the sale to the buyer and the seller. Read over the settlement statement carefully to make sure everything in the contract is indeed reflected in the actual sale. If the document is correct, all that’s left is to sign the paperwork and hand over the keys to the new owner.

Published on January 15, 2007

Read full article at realestate.com

Featured Local Company

JPMorgan Chase - Home Mortgage

(617) 429-2059
400 Blue Hill Drive, Ste. 190
Westwood, MA

Read more about Step 5: Closing on Your Home Sale

- For Sale By Owner Massachusetts

For Sale By Owner is just as it sounds, a homeowner trying to sell their home without the assistance of a REALTOR.

- Step 10: Closing Massachusetts
- Moving? Time your sale to avoid extra financing charges Massachusetts
- In today's market, home buyers can negotiate winning deals Massachusetts
- Buying your first home Massachusetts
- Step 4: Reviewing and Negotiating Home Sale Offers Massachusetts
- How to Sell a Home Without a Real Estate Agent Massachusetts
- Step 6: Making an Offer Massachusetts
- How to Resolve Disputes with Your Home Builder Massachusetts
- Step 8: Locking in Your Rate and Points Massachusetts

Regional Articles

- Step 8: Locking in Your Rate and Points Massachusetts

Since weeks, and sometimes months, can go by between having your offer accepted and closing on your new home, it's a good idea to lock in your interest rate and points.

- In today's market, home buyers can negotiate winning deals Massachusetts
- How to Sell a Home Without a Real Estate Agent Massachusetts
- Step 10: Closing Massachusetts
- Step 4: Reviewing and Negotiating Home Sale Offers Massachusetts
- Buying your first home Massachusetts
- For Sale By Owner Massachusetts
- Step 6: Making an Offer Massachusetts
- Moving? Time your sale to avoid extra financing charges Massachusetts
- How to Resolve Disputes with Your Home Builder Massachusetts

Related Local Event

Urban Land Institute Spring Council Forum
Dates: 4/14/2010 - 4/16/2010
Location: John B. Hynes Veterans Memorial Convention Center
Boston, MA
View Details

Advertising	Food & Beverage	Nightlife
Business Services	Franchise	Online Database
Career	Health	Pets
Cars	Holidays	Real Estate Resources
Computer Hardware	Home Appliances	Retail & Consumer Services
Construction	Home Electronics	Software
Education	Home Services	Technology
Entertainment	Industrial Goods & Services	Telecommunications
Environmental	Insurance	Trade Shows
Family	Internet	Travel
Fashion	Legal	Weddings
Financial Services	Miscellaneous	World History

Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History