Congratulations! We’re getting to the closing.
This is the final part in our three part blog series on selling a home in Florida.
Prepare for the Closing
If you’re a local seller and you can attend the closing, you should. Take any forms that are needed so you’re prepared. If you’re an out of state or overseas investor, make sure your accountant has prepared your 1031 exchange form or your 882B form. Otherwise, it could cost you at the closing table. If you’re an overseas seller, your closing documents could be 38 pages. You might feel overwhelmed, but you can call the closing agent and your Realtor and ask them to explain the forms. There’s lots of names and addresses and repetitive information to fill out again and again. If in doubt, speak to the closing agent.
You may need notarizing on these closing forms. In England and Europe, lots of people sign forms as witnesses. That’s not acceptable in Florida. You need a notary, so make your appointment and get those documents notarized. You might have an attorney think that they are notarizing the sale, but they aren’t. They are simply notarizing your signature, which means they are witnessing it and verifying that you are who you say you are. Take your passport and driver’s license.
Accepting Money and Providing Keys
Take your keys with you to the closing, and turn off the utilities on the day of the closing. When you get your money, decide where it will go. The title company can wire it directly into your bank. If you are overseas, use a currency exchange company because banks will use the exchange rate of the day and charge you fees. An exchange company will be less expensive.
Further details about selling your property and closing the deal can be found on our website. If you need any help with selling your Kissimmee real estate, please contact us at McCormack Realty & Renters Choice Homes.