RE/MAX Associates Plus

Merry Dahms, Judi Chapnick, and Mary Walls

want to assist you with all of your home buying or selling needs!

Please call our office at (314) 727-8008

What happens at closing??

At this time, the buyer brings a CASHIERS check for the cash down payment and closing expenses, the bank brings the check for the amount of the loan, and the seller’s agent delivers the keys to the house or to the buyer’s agent.  The seller signs the title (or deed) over to the buyer.  Both the buyers and sellers sign other documents relative to Federal law, and a settlement sheet is drawn up so that all parties understand their costs.  If a loan is involved, there will be several papers relating to the loan to be signed by the purchasers.  All costs will be shown on the Settlement Statement.  This form is furnished to give you a written statement of your actual settlement costs.  If possible, we will review the settlement statement and closing procedures with you prior to closing.  Typically, when you leave the table, you will have the keys to the house, you will have signed the mortgage and you can take possession of your new home!  In St. Louis, the seller and purchaser sign at different times, and often, at different Title Companies.  Often, the Purchaser signs papers first at the Lender, then at the Title Company or all may take place at the Title Company.