Get new listings emailed daily! SIGN UP LOGIN
Laffey Knows Long Island Living Home

Agent Promotion | 3 Posts
Agent Spotlight | 3 Posts
Awards | 3 Posts
Laffey Knows | 172 Posts
Market News | 1 Posts
Outside the Box | 23 Posts
Recognition | 2 Posts
Sell Your Home | 1 Posts

Subscribe and receive email notifications of new blog posts.




rss logo RSS Feed
Things to Do | Historic Homes | Transportation | Best Beaches | Laffey Real Estate | Long Island Real Estate | Suffolk County | Nassau County | Historic Landmarks | Montauk Lighthouse | Buy Luxury Home | Luxury Living | Luxury Lifestyle | Citi Field | New York Mets | Family Fun | Kensington | University Gardens | Great Neck Gardens | Great Neck NY | Forest Hills | Queens Real Estate | Queens homes for sale | Oheka Castle | Realtor | Real estate agent | Golf Courses | Local businesses | Local attractions | Restaurants | Area information | Community Events | Homeowner Tips | holidays | Open house | Home improvement tips | For sellers | Local wineries | Area photographers | For families | Fitness centers | New Year's resolutions | For Buyers | Mortgage | First-time Buyers | Buy a House | REALTORS® | Real Estate Agents | Agent Recognition | Agent Awards | Careers | Top Producer | Oyster Bay | Charitable Events | Curb Appeal | Home Seller Tips | Festivals | Real Trends 500 | T3 Sixty | Mega 1000 | vidbits | General news | Sell Your Home | Relocation | LeadingRE | Moving | Breast Cancer Awarness | Personal Health | Inherit a House | Senior Community | Downsizing | Luxury Portfolio | Leading RE | Follow The Orange | Social Media | Homebuying tips | Gated communities | Finance a home | Queens County | Landscaping | Online classes | For Owners | Home Tech | Virtual Tour | Gardening | Home Maintenance | Melville | Philip Laffey | Mark Laffey | Fernand Leger | Steve Schappacher | Shappacher White DPC | Donnamarie Chaimanis | Long Island Press | James Gavin | Pauline Conti | Virtual Home Showing | Virtual Open House | Huntington | Bakeries | Northport, NY | Port Washington, NY | Smithtown, NY | Levittown, NY | Rockville Centre, NY | Offers | Farmingdale, NY | Babylon, NY | Astoria, NY | Long Island City, NY | Albertson NY | Atlantic Beach NY | Bayville NY | Bellmore NY | Brookville NY | Carle Place NY | Centre Island NY | East Hills NY | East Williston NY | Glen Cove NY | Glen Head NY | Hempstead NY | Hewlett NY | Hicksville NY | Jericho NY | Lattingtown NY | Laurel Hollow NY | Locust Valley NY | Manhasset NY | Matinecock NY | Merrick NY | Mill Neck NY | Mineola NY | Muttontown NY | North Hills NY | Oceanside NY | Old Westbury NY | Plandome NY | Roslyn NY | Roslyn Estates NY | Roslyn Harbor NY | Roslyn Heights NY | Sands Point NY | Sea Cliff NY | Syosset NY | Uniondale NY | Upper Brookville NY | Westbury NY | Williston Park NY | Woodbury NY | Amityville NY | Asharoken NY | Centerport NY | Commack NY | Deer Park NY | Dix Hills NY | East Northport NY | Fort Salonga NY | Hauppauge NY | Huntington Bay NY | Huntington Station NY | Kings Park NY | Lloyd Harbor NY | Lloyd Neck NY | Nissequogue NY | South Huntington NY | Stony Brook NY | Wheatley Heights NY | Wyandanch NY | Bayside NY | Bellerose NY | Briarwood NY | College Point NY | Douglaston NY | Elmhurst NY | Floral Park NY | Flushing NY | Fresh Meadows NY | Glen Oaks NY | Jackson Heights NY | Jamaica NY | Jamaica Estates | Little Neck NY | Malba NY | Middle Village NY | Queens Village NY | Rego Park NY | Richmond Hill NY | Rockaway Beach NY | Springfield Gardens NY | Sunnyside NY | Whitestone NY | Central Islip NY | Cold Spring Harbor NY | Copiague NY | Saint James NY | Staging | Parades
August
15

Closing Day for Sellers - Laffey Real Estate

Closing day is a big deal! It's a culmination of all your hard work: getting your house ready to sell, going through the work of keeping it clean and staged for showings, and negotiating with your buyer. It's normal to be both excited and nervous about closing day, especially if you haven't closed on a property as the seller before.

Fortunately, things rarely go wrong on closing day, especially when you have our real estate agents guiding you through the process. Here is a rundown of everything you need to know about the big day.

  • What to Bring with You
    You're turning over the property to the buyer at the closing, so you'll need to bring everything they'll need, including keys and garage door openers. Also, provide any documents the buyer hasn't yet been given, such as required certificates, inspection reports, and documents showing any required repairs have been completed. You'll also need to bring your photo ID to sign the paperwork with the title company.

  • Virtual Closings
    Many title companies have switched to virtual closings in a post-pandemic era, plus as the seller, you might not have to attend the actual closing. If you sign the paperwork virtually or in advance of the closing date, you may need to have certain forms notarized, and of course, you'll have to arrange a time to drop off the keys.

  • What Fees You'll Need to Pay
    Other than paying off the mortgage, you will have other fees that must be paid on closing day. Of course, you'll need to pay the real estate agents plus property taxes and HOA fees. In addition, there are real estate transfer taxes and various other fees to pay. Some of these fees may be paid by the buyer in a seller's market, depending on what your real estate agent negotiated in the contract.

  • The Closing Statement
    Feeling overwhelmed by all the fees and taxes you'll pay? Don't worry. At the end of closing, just before everything is signed, you'll receive a closing statement, or settlement statement, that lists everything out for you. You'll have an opportunity to check this for accuracy before signing. This is also an important document you'll want to keep in your records, as it shows your net proceeds on closing day.

  • What if the Closing Is Delayed or Canceled?
    According to the National Association of Realtors®, a third of closings are delayed, so don't be surprised if it happens to you. Home inspection issues and appraisals are the most common causes of delay, but if those problems the sale will still go forward, just a little later than planned. Sometimes a buyer backs out entirely, however, whether it's due to the home inspection, appraisal, or funding issues.

  • After the Closing
    Unless you had another agreement with the buyer, you should be fully moved out of the house by closing day, with any agreed-upon work finished. Keep all your paperwork from the closing, especially until tax season, when you may need the information to prepare your tax return for the year.

Selling your home is a big process with many steps, but closing day will resolve all the loose ends. If you're anxious about closing day, don't worry! Your real estate agent will be by your side every step of the way. If you have more questions about the selling process, contact us today, and we'll help you get started.

Login to My Homefinder

Login to My Homefinder