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Once you've signed the purchase agreement and chosen a title company to handle the closing of your home sale, it’s time to familiarize yourself with the closing process. From here on out, it's important to keep your property in good condition and get ready for closing. Your agent can provide you with a Home Improvement Log, which will help you track any major upgrades or changes you've made to the property for the buyer's benefit.
The Seller's Closing Steps
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First, you'll receive an email introducing you to your designated closer and inviting you to sign up for Bold Title Company's secure online platform, Title Exchange.
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Once registered, you'll set up a password for the platform, where you can exchange important documents and information directly with your closer.
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Make sure to verify or update your personal details as necessary.
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Your closer will send you an appointment notice that includes the time, date, and location for your closing.
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Be sure to notify your utility companies of the final service or move-out date.
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Your closer will also send over a preliminary settlement statement for your review.
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Decide how you'd like to receive your closing proceeds and share that preference with your closer.
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You'll then attend a pre-sign appointment to review and sign your closing paperwork.
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Once the buyers complete their signing, you'll receive your proceeds from the buyer's title company.
What if I Can’t Make My Scheduled Appointment?
If you're unable to attend the closing, simply reach out to your Bold Title Company closer to discuss pre-signing options.
How Long Will the Closing Take?
On average, closings usually take about an hour.
What Should I Do Before Closing?
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Ensure that all conditions in the purchase agreement have been met.
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Reach out to your current mortgage company to cancel any automatic payment withdrawals.
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Contact your utility providers to arrange disconnection of services.
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If required by the city, schedule any necessary final inspections.
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If you've made recent repairs or improvements to the property, let your closer know.
What Should I Bring to Closing?
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A valid photo ID
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Your Social Security number
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Code compliance documents (if applicable)
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All keys, garage openers, security codes, and alarm system information should be left at the property.
What If I Need My Owner’s Title Insurance Policy?
If you purchased an owner’s title insurance policy when you first bought the home, it should have been mailed or emailed to you after closing. If you can’t find it, and you used Bold Title Company Title for the transaction, contact our Customer Service department at 612-446-5191 for assistance.
What If There's a Prior Owner's Mortgage on My Title?
If you used Bold Title Company for your original purchase and are seeing a prior mortgage on your title, get in touch with our claims team at 612-446-5191 to request a Letter of Indemnity, or have your closer assist with resolving the issue.
How Do I Get My Escrow Funds, and How Long Does It Take?
If your closing involved an escrow account with Bold Title Company, please call us at 612-446-5191 and request to be connected with the Escrow Release department for guidance on receiving your funds.