This is the most important step in buying your home. Three days before closing, you will receive a Closing Disclosure. It is a five-page document outlining the terms and details of your purchase. Upon receipt, you have three days to sign your closing documents. This will be your closing day.
The disclosure form includes:
Compare your loan estimate you received shortly after you applied for the loan with the Closing Disclosure form. If there are errors or drastic changes, you will want to contact the lender to remedy the differences. If successful, you will receive another disclosure. At that time, if you understand and accept the information, then you will sign it. Once signed, the details of the closing disclosure cannot be changed.
Ready to start the home-buying process? Schedule an initial consultation with John P. Sharp today. Let's discuss your real estate goals and how we can help you achieve them.
Do buyers pay for their real estate broker's commission? In most cases, the seller pays for the commission of your agent. However, there are some homeowners who will only pay 2.5% of the sales price to your agent, and some may offer nothing at all. In this case, you are responsible for paying any commission the seller does not cover. This should be outlined in your exclusive buyer's agreement you signed when you started working with your agent. A great broker like John P. Sharp will make sure you are informed of the costs associated with buying a home. There's one more step in the Purchasing Guide.
John P. Sharp, Premium Real Estate Broker with Skyline Properties, Inc.
19515 North Creek Parkway, STE 214, Bothell, Washington 98011, United States
Call us today at 425-230-2525
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Premium Real Estate Broker with Skyline Properties, Inc.
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