Your Coldwell Banker Bain Realtor will map out the closing process for you so that you know what to expect during the final stages of your home sale. As a primer, here are some of the steps involved in closing the transaction:

Title transfer
The final step of a western Washington real estate transaction – whether in Marysville or Longview – occurs when the property’s title is transferred from you, the seller, to the buyer. A third party escrow officer will help transfer the money and documents (including title and deed) between the buyer and seller.

Funds transfer
If you or the buyer cannot attend the closing appointment, you can sign papers beforehand and/or grant power of attorney to a third party. Funds from the sale of your Washington home are released directly to you, the seller, through wire, automatic deposit or check. The proceeds can also be transferred directly to an escrow account in preparation for a new home purchase in Western Washington.

Follow up steps

• After you sell your home, it’s prudent to organize your closing and settlement documents in a file for safe-keeping.
• It is also important to keep receipts from any improvement projects you made while you owned the property in case you have to pay capital gains tax.
• In addition, understand your rights as a home seller, including the tax breaks you receive as a result.
• Request the following free publications from the IRS, which are designed to help you during the sale of your Washington home. (You may contact them at 800-TAX-FORM.)

521 Moving Expenses
523 Selling Your Home
527 Residential Rental Property
541 Partnerships
551 Basis of Assets
555 Community Property
561 Determining the Value of Donated Property
908 Bankruptcy Tax Guide
936 Home Mortgage Interest Deduction

Releasing the property to the new homeowner
Once you’ve signed the closing papers and the deed is recorded with King, Snohomish or Pierce County, or another Washington county, the buyer can take legal ownership of the home. Prior to their taking possession, it’s a good idea to contact all of the utility companies to close any accounts attached to the home under your name.

After selling your home, it’s time to find a new one. Begin your Seattle, Washington property search online at www.CBBain.com where you will find Coldwell Banker homes for sale as well as other properties listed throughout the greater Puget Sound region.

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Selling A Seattle Home, Home Selling Bellevue WA, Tacoma WA Real Estate Agent, Western Washington Real Estate, Coldwell Banker Homes For Sale