When closing on a house you wish to purchase, the closing process seems to always change. It is even referred to as “settlement” or “escrow” in different parts of the county. With increased technology, most closings are completely automated and both parties do not have to be present at the same time to sign. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that closings usually take about 30 days to complete. This mainly depends on the buyer’s financing availability, successful home inspection completion and various lender conditions. The closing process is the transfer of the title of the property from the buyer to the seller. The buyer will receive the keys to the home or the deed to the land, while the seller receives payment for the property. The amount the seller receives is based upon the amount that is still owed on the mortgage, any outstanding fees or taxes and any additional closing costs. All legal papers are filed with the local record office. Check out below to see what sold in Whispering Meadows in November 2017:
21996 Sunrise Blvd., Novi: 3 bedrooms, 2.1 bathrooms, 1,848 sq. feet, 2 car garage, Sold Price: $287,000
Whispering Meadows Home Sold
November 2017
It is very important as the seller to take a final walk through the property to make sure the property’s condition as not changed and it is equally important for both the buyer and seller to make sure the paperwork they are signing reflects the agreement of the original sale. For more information on Whispering Meadows, or similar Northville or Novi neighborhoods such as Simmons Orchard, Village Oaks and Jamestowne Green, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.