The Closing Company

Work with a fully executed contract A fully executed contract is the roadmap to a successful closing. Make sure specify a set closing date.

Use a clear copy of the contract This helps to avoid misunderstandings later in the process.

Avoid surprises Let your buyers and sellers know in advance what their buying expenses are likely to be.

Plan carefully how much money buyers will need to close or how much money seller's can expect to receive When possible, our goal is to provide a preliminary HUD1 the day prior to a closing so sellers and buyers may see it prior to arriving at our office.

Know the marital status of all buyers and sellers Marital status is very important in the conveyance of property in Florida. Please note there is no legal separation in Florida only married or single status. Divorced persons claiming single status MUST provide copies of Court stamped Divorce Settlement papers. Even parties who were married and have not seen each other in 20 years have a legal interest in the other person's real property and they must appear on the deed and sign the mortgages. Claiming incorrect marital status is considered mortgage fraud even if they were unaware of the law.

Is the property for sale part of an estate or in probate? If an owner on property that is being sold is deceased, we will need a legible copy of the death certificate or probate documents in order to close. If the probate process (the execution of the will) has not occurred, we can refer you the seller to a competent Probate Attorney in your area who can expedite the process.

Is the property for sale owned by a corporation? If yes, obtain a copy of a corporate resolution identifying which individual is authorized to sign the contract and the closing documents.

Is the property being purchased by a corporation? If yes, obtain a copy of a corporate resolution identifying which individual is authorized to sign the contract and the closing documents.

Make sure to advise the title company of all your broker's fees in advanceThis includes transaction fees, and commission structure

Language matters Our staff fluently speaks the following languages English, Spanish, French and Dutch and would be pleased to conduct a closing in any of these four languages.

MIAMI OFFICE

Tips for a stress-free closing for Brokers