Closing on a Florida Keys home?
Closing on a Florida Keys home is a significant step in the real estate process. You have a choice between using an attorney or a title company to facilitate the closing. Typically, real estate agents in the Florida Keys recommend their clients to work with local attorneys for a smooth closing process, but ultimately, the decision is yours.
Attorney or Title Company: Whats the Difference?
Attorney:
- Attorneys can offer legal advice and protect your interests during the closing process.
- They can assist with complex legal issues and contractual matters.
- Hiring an attorney may provide added peace of mind, especially for unique cases.
- Charge More than a title company
Title Company:
- Title companies specialize in ensuring a clean title for your property.
- They handle the title search, insurance, and the closing process efficiently.
- Title companies can streamline the process, often with lower costs compared to attorneys.
Funds at Closing:
No matter if you opt for an attorney or a title company, it’s crucial to prepare for the financial aspect of closing. It’s important to note that your real estate agent does not handle the disbursements; this responsibility falls to the closing agent.
- Closing Statement: Prior to the closing, you’ll receive a Closing Disclosure or Settlement Statement. This document outlines all the financial details of the transaction
- Bank Information: Before the closing, you will provide the attorney or the title company with your bank information so that they can facilitate the wire transfer of your funds.
Signing the Paperwork: In-Person or Mail-Away?”
When it comes to the final steps of a Florida Keys home closing, there’s one task that often stands out – signing the paperwork. But how do you prefer to handle this crucial step – in-person or by mail? Let’s explore both options:
In-Person Signing:
- The traditional choice involves meeting at a designated location
- In-person signings offer a personal touch and the opportunity to address any last-minute questions or concerns.
Mail-Away Signing:
Since most of our buyers and sellers do not live in the Florida Keys many of our closings are done by mail.
- Documents are sent to you, and you sign and return them.
- This option provides flexibility, especially if you’re unable to attend the closing in person.
- It’s convenient but may lack the face-to-face interaction of an in-person signing.
- Documents need to be FedExed out a few days before closing so that they come back in time.
- Make sure you tell your closing agent beforehand that you will not be attending the closing.
Ultimately, the choice between in-person or mail-away signing depends on your preferences and circumstances. Your convenience and peace of mind are of utmost importance in the closing process.
Closing day as a seller of your Florida Keys home brings a mix of emotions. Handing over the keys to the new owner signifies the end of an era and the start of a new chapter. The Florida Keys’ natural beauty, with its tropical charm, surrounds you, offering a fond farewell to a beloved property. This moment marks not just a sale but a parting of memories. With the closing process complete, it’s a time to reflect and embrace the journey ahead, knowing that new adventures and horizons await.
Have questions about Closings. Give us a call.
Also check out our Sellers Page for more important information on selecting a Marathon, Florida Realtor
Prumo & Carden
Amy’s success as a Florida Keys Elite Agent and Diamond Award Winner is truly awe-inspiring. With over 13 years of experience in the real estate industry, she has cemented her position as a trailblazer and pioneer. Her unwavering commitment to excellence is reflected in her impressive academic credentials, which include a Master’s Degree in Marketing and Management. Amy’s marketing programs are simply unmatched, ensuring that your property is showcased to the widest audience of potential buyers, thus guaranteeing maximum exposure.
Tom is an accomplished expert in the Building, Planning, Zoning and Development field, with an extensive career spanning over several years. He has worked in the Civil Engineering Department for the USAF and was the Building Official/Director of Building Planning and Zoning for a municipality for over a decade. Additionally, he is the owner of Alliance Custom Builders, a testament to his entrepreneurial spirit. Tom’s impressive track record includes building homes in both Marathon and Key Colony Beach. He holds twenty licenses through the International Code council, including Commercial & Residential Plan Reviewer and Certified Building Official, cementing his position as a true leader in his field.
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