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Closing a Home Sale Nashua NH

Closing on a hone normally follows a reasonably well-outlined path from the time you sign your purchase agreement to the time the transaction is finally closed. Here are the typical steps along that path. Read through them so you know what to expect when you close on your home purchase in Nashua.

Nutmeg Property Group
(603) 471-3853
PO Box 1630
Nashua, NH
Kimco Realty Corp
(603) 888-1876
262 Daniel Webster Hwy
Nashua, NH

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Buyer's Option Realty Services
800-269-6445 x 2
99 Pine Hill Rd. Ste. 656
Nashua, NH
Lewis, Arthur - Top Sell Realty
(603) 881-4800
120 Amherst St
Nashua, NH

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Era The Masiello Group Rl Est
(603) 566-8509
216 Daniel Webster Hwy
Nashua, NH

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I-Abode Real Estate LLC
(603) 821-9101
45 Technology Way
Nashua, NH
Carlson Gmac Real Estate
(603) 880-3900
150 Broad St
Nashua, NH

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Verani Realty
(603) 882-1455
125 E Dunstable Rd
Nashua, NH

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(603) 883-0004
77 Broad St
Nashua, NH

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Bourque Realty
(603) 891-2461
210 Daniel Webster Hwy Ste 6
Nashua, NH

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Closing a Home Sale

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Closing normally follows a reasonably well-outlined path from the time you sign your purchase agreement to the time the transaction is finally closed. Here are the typical steps along that path:

  • A purchase agreement is drawn up outlining the terms of sale. The purchase agreement will be reviewed by an escrow or title officer, a neutral party responsible for overseeing the transaction, and set up a file for the transaction. He/she will take any deposit money required by the purchase agreement and place it into an account until the transaction is complete. If your deposit is large, make sure that your closing agent puts it into an account where it will earn interest during closing.

  • The closing agent will then order a preliminary report. A preliminary report examines the ownership of a property and figures out if there are any liens or other encumbrances which could inhibit the sale. If any issues are found, the buyer and seller still have time to clear them up before the transaction is closed.

  • Your closing agent will work closely with you to make sure that everyone involved in the transaction is closely following the guidelines laid out in the purchase agreement. If any problems arise, the closing agent will work with you to resolve them quickly.

    The closing agent will also work with the lender to help with the loan process. Lenders often require a number of inspections and insurance before they will issue a loan. A closing agent will usually handle these inspections for you and complete the paperwork necessary for loan approval.

  • All inspections necessary will be carried out under the closing agent’s supervision. Any problems found in the course of inspection will need to be repaired before the transaction can close. The closing agent will oversee the work necessary to repair the property.

  • The closing agent draws up an HUD-1, also known as a settlement statement, which gives an accounting of closing costs. You will be required to sign this document after it is drawn up, but you don’t have to pay closing costs until the transaction is actually closed. Closing costs must usually be paid with a certified cashier’s check.

    The HUD-1 is not the only document you will have to sign at this time. You will also be presented with escrow instructions, loan documents, the grant deed, your deed of trust, a fire insurance requirement form, a truth-in-lending disclosure statement, and a bill of sale, plus a number of other documents. This vast quantity of documents can be overwhelming. Never sign anything if you do not know exactly what you are signing. Talk to an attorney if you have any questions.

  • All of these documents will then be delivered to the lender by the closing agent, along with the original documents for the loan. Following approval by the lender, the closing agent will file the necessary documents with the county recorder.
    After recording, the agent will give final closing statements to all parties in the transaction. With these statements will be any other necessary documentation such as title or fire insurance policies or promissory notes. Any money held as a deposit will be distributed and the transaction can finally be completed.

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