Step 5: Closing on Your Home Sale New Hampshire

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 yourNew Hampshire home.

Local Companies

A Smarter Way To Refinance
603-233-3035
229 Lund Rd
Nashua, NH
1003Link.com Inc.
800-430-1003
200 Elm Street
Manchester, NH
Sensible Mortgage Solutions Corp.
603-543-3700
18 Opera House Square
Claremont, NH
Pro Loan Finders, LLC
800-460-4158
39 Samoset
Salem, NH
Century 21 Energy Shield Realty
(603) 643-0127
367 State Route 120
Lebanon, NH
Poirier Sandra Realtor
(603) 627-9962
110 Stark St
Manchester, NH
Atrio Properties
(603) 433-1555
725 Portsmouth Ave
Greenland, NH
Real Estate Hub
(603) 679-5770
321 Route 125
Brentwood, NH
Keller Williams Realty
(603) 226-2220
Concord, NH
24-7 Realty Group
(603) 968-8500
23 West
Ashland, NH

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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

A Smarter Way To Refinance

603-233-3035
229 Lund Rd
Nashua, NH
http://www.asmarterwaytorefinance.com


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