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My husband and I have finally sold our home....yah!! Everything is going smoothly...closing is in 10 days. Our attorney just told us that we don't need to be at the closing. That we just need to go to his office a few days before the closing to sign the papers ...and that's it. I was surprised because we have sold other homes in the past and we have always attended the closing. Is this unusual? Our attorney said no.
My husband and I have finally sold our home....yah!! Everything is going smoothly...closing is in 10 days. Our attorney just told us that we don't need to be at the closing. That we just need to go to his office a few days before the closing to sign the papers ...and that's it. I was surprised because we have sold other homes in the past and we have always attended the closing. Is this unusual? Our attorney said no.
It's fairly common. The buyer has much to do at the closing, the seller not so much.
Not unusual at all in Illinois. I honestly can't think of a time when the seller did come to closing. Title offices are generally kinda cramped and all the seller paperwork can be done ahead of time. The buyer should have all their paperwork done ahead of time too, but the sign off onnthe funding generally has to happens pretty close in time to the closing so there is less time for them to get ready. More of tradition than any legal requirement but the final walk through and literal hand over of the keys means buyer probably has tasks to do on closing day while seller just gets funds via check or wire transfer, which means they could be anywhere.
In NC, about half of my sellers go to closing. Those that do, we are only there for 15 min. Sellers sign a few papers and leave keys and off we go. Buyers stay behind and sign for the next 30 minutes!
For those sellers that do not want to attend closing, they go to the attorney's office a day or so before, sign papers and skip closing.
Sellers pick up their check after attorney records (usually same day as closing).
In NC, about half of my sellers go to closing. Those that do, we are only there for 15 min. Sellers sign a few papers and leave keys and off we go. Buyers stay behind and sign for the next 30 minutes!
For those sellers that do not want to attend closing, they go to the attorney's office a day or so before, sign papers and skip closing.
Sellers pick up their check after attorney records (usually same day as closing).
Everyone lives happily ever after!
Vicki
sounds like an enjoyable process, in our area a closing normally lasts close to 2 hrs.
When we were in VA, we never saw or met the sellers with the 2 houses we bought. We preferred it that way. We had some heated negotiations with the purchase of our house in DE, where sellers typically attend closing. We really didn't want them there!
When we bought our house, the guy we bought it from came to closing, handed off the keys, signed two forms (Maybe three?) and then just sort of sat there bored and chatted for a bit while my fiancee and I signed everything else and filled out the last of the paperwork.
I kind of wish I had talked to him more and still had his number, he was pretty cool - played in a pinball league, was in a band, etc. Oh well.
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