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Newton Real Estate
Closing or Settlement >The Settlement
The final stage of a home sale transaction is the time to tie up all the loose ends. The buyer and seller will sign the settlement sheet at the closing, detailing all of the charges that each party has incurred during the sale of the house. It is crucial to go over the sheet for accuracy and to make sure that you understand everything on it before you complete the transaction. When a contract is negotiated, each side agrees how to divide the loan fees (or points), as well as the other closing charges, such as state or local taxes or escrow fees. Your real estate agent can go over the settlement sheet and help you compare it with your purchase agreement. The seller's charges usually include the brokerage fee, the mortgage payoff, and any charges involved in clearing the title, as well as pro-rated property taxes, payments for termite treatment and escrow for repairs that could not be completed by closing. The buyer's costs include charges for the loan and title searches, insurance and any other legal fees. A good closing officer will go over the settlement sheet line by line, explaining each item and correcting any misplaced charges.
What is considered one of the slimmest buildings ever designed?
The Carnegie Hall Tower, designed by Cesar Pelli, is only 50 feet wide and 60 stories high.
Geri Doyle and Caren DeVoeDoyle & DeVoe-Iowa Realty1802 S. 12th Ave. WNewton, IA 50208Geri: 641-792-5678Fax: 641-792-5668Caren: 641-792-5999Toll Free: 1-866-792-5656Geri Doyle: cdevoe@iowatelecom.netCaren Doyle: cdevoe@iowatelecom.netGeri,CRS, e-Pro, and Caren, Broker Associate, know how important it is to have caring professionals to help you when you're making a move. They give you the one-to-one attention you deserve. Buying or selling a home is an important step for a family. We connect with our clients both on a professional and an emotional level. There are many decisions to be made when purchasing or selling a home. Count on us to keep you informed of the market trends and latest conditions so you can make informed decisions when the time comes.
Geri Doyle and Caren DeVoeDoyle & DeVoe-Iowa Realty1802 S. 12th Ave. WNewton, IA 50208Geri: 641-792-5678Fax: 641-792-5668Caren: 641-792-5999Toll Free: 1-866-792-5656Geri Doyle: cdevoe@iowatelecom.netCaren Doyle: cdevoe@iowatelecom.net
Geri,CRS, e-Pro, and Caren, Broker Associate, know how important it is to have caring professionals to help you when you're making a move. They give you the one-to-one attention you deserve. Buying or selling a home is an important step for a family. We connect with our clients both on a professional and an emotional level. There are many decisions to be made when purchasing or selling a home. Count on us to keep you informed of the market trends and latest conditions so you can make informed decisions when the time comes.
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