A “closing” is where you and I meet with some or all of the following individuals: the Seller, the Seller’s agent, a representative from the lending institution and a representative from the title company, in order to transfer the property title to you.
When buying a home in Tampa Bay, the purchase agreement or contract you signed describes the property, states the purchase price and terms, sets forth the method of payment, and usually names the date and place where the closing or actual transfer of the property title and keys will occur.
If financing the property, your lender will require you to sign a document, usually a promissory note, as evidence that you are personally responsible for repaying the loan.
Signing the Mortgage or Deed of Trust
You will also sign a mortgage or deed of trust on the Tampa Bay property as security to the lender for the loan. The mortgage or deed of trust gives the lender the right to sell the property if you fail to make the payments. Before you exchange these papers, the property may be surveyed, appraised, or inspected, and the ownership of title will be checked in county and court records.
Payment of Fees and Closing Costs
At closing, you will be required to pay all fees and closing costs in the form of “guaranteed funds” such as a Cashier’s Check or “Wired Funds.” The escrow officer or I will notify you of the exact amount and type of funds due at closing.
I’m a proud member of the Greater Tampa Association of REALTORS®, Florida REALTORS®, and National Association of REALTORS®, as well as the Mid-Florida Regional Multiple Listing Service. These relationships guarantee my Greater Tampa Bay buyer’s immediate access to hundreds of the newest Greater Tampa Bay listings on the market each day while also providing my Greater Tampa Bay seller’s exposure to a huge network of buyers from across the state, country, and globe.
As my customer’s attest, I am a committed and passionate Greater Tampa Bay REALTOR® who prides myself on putting my customer’s priorities above all else. My determination and attention to detail allows my customers to receive first class service with utmost integrity.
Please call or send me an email today so we can discuss how I can best serve your Tampa Bay Florida real estate needs!
CDPE – Certified Distressed Property Expert
KELLER WILLIAMS REALTY
2119 W. Brandon Blvd., #A
Brandon, FL 33511
813.786.5946 – cell
813.684.8400 – fax