There are many steps involved when selling a property in Las Vegas, and closing is one of them. To close the deal on your house, you’ll need a closing agent. This person will coordinate document signing for all the parties, verify that you and the buyer have met the terms of the purchase agreement and pay out all necessary funds.
But just like other parts of the sale, it’s possible for problems to turn up during the closing process. Because the last thing you want is for the sale to fall through now, here are some tips for ensuring a smooth closing.
Choose a Pre-Approved Buyer
Always choose a strong offer, one that comes from a buyer who has already been pre-approved. While things can still change, pre-approvals at least give you an idea of what the buyer can afford. Buyers who are pre-approved are also able to finalize their loan applications faster and more efficiently because their information is in the system, and they’ve pre-qualified.
Have Your Documents in Order
Be sure to have all necessary documents in order. Your closing agent will help with this, but here are some examples of what you’ll need to bring:
- Home appraisal
- Inspection reports
- Proof of insurance
- Closing disclosures
- Real estate contract
- Proof of title search
Complete Necessary Repairs
After the inspection, the buyers may have asked you to complete certain repairs. These need to be done by the time of closing. It’s your job to make sure that the house is free and clear of defects and ready to be moved into. While you’ll have to negotiate with the buyers what you are willing to fix, it’s generally reasonable to expect sellers to fix any issues related to health or safety.
Bring Items to Closing
Fortunately, closing is pretty easy for the seller. Once you officially close on the property, you will no longer be its owner. Therefore, you’ll need to bring along the following to closing:
- Keys to the front door, back door, garage, etc.
- Punch codes to garage doors, gates, door locks, etc.
- Access information for smart locks, thermostats, doorbells and appliances
- Any other remotes or devices that control systems in your home
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