Your Coldwell Banker Bain broker will walk you through the multiple stages of your new home purchase, but here’s a snapshot of the closing process.

Title and escrow: the final stage of your transaction

When you buy property in Seattle, Washington, the final stage of the real estate transaction process is the transfer of title from the seller to you, the Washington homebuyer. After closing on your new home, condo or investment property, your title and escrow professional will send you the title policy. The title company and escrow company are the third parties who transfer the title, deed, other documents and most importantly, the money, between the buying and selling parties. The escrow company prepares and records documents, writes up closing statements, obtains signatures and receives and disburses funds.

For specific questions about the title and escrow process, turn to the knowledgeable professionals at our title partner, Rainier Title, and our escrow partner, Escrow Professionals of Washington. They are happy to answer your questions and help guide you through the process.

What occurs during closing?

Whether you’re purchasing a condominium in downtown Kirkland, a new construction home in Bothell, or a starter home in Tacoma, during closing you will review and sign final documents as well as produce the remaining amount of money required for the down payment. In addition, you will sign the mortgage and any further paperwork that the lender, and/or other third parties, may require.

After closing, the deed and mortgage will be recorded by the county and all previous obligations of the seller will be discharged. Once the closing papers are signed and the deed recorded, you may take legal ownership of your new Washington home. If either seller or buyer cannot attend the closing appointment, he or she can sign papers beforehand and/or grant power of attorney to a third party.

Trust that CB Bain is the Washington real estate company to help you – from your initial search for properties for sale in Washington on the Northwest multiple listing service (NWMLS) to a successful closing on your new home!

Keywords:
Buy Property Seattle Washington, Washington Real Estate Company, Washington Properties For Sale In, Northwest Multiple Listing Service