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Rainer
187,002
Raj Taj
RE/MAX - Lake Bluff, IL
Drive By Blessings!

"Sacrifices and Possession."

Mar 21, 2019 08:09 PM
Ambassador
5,413,483
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671
  1. Paperwork signed
  2. Money Exchanged
  3. Keys and possession delivered.
Mar 21, 2019 08:06 PM
Rainmaker
2,642,262
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

It is a time of rejoicing to be sure....

Mar 21, 2019 08:12 PM
Rainmaker
4,122,153
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

The property ownership passes from the seller to the buyer.

Mar 22, 2019 04:29 AM
Ambassador
4,259,392
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

The deal is signed, sealed & delivered!

Mar 21, 2019 08:49 PM
Rainmaker
6,613,253
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Documents are reviewed and signed. The process is not the same in all states. You need to do your homework for the procedures in your state.

Mar 22, 2019 06:19 AM
Rainmaker
4,214,037
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Documents executed and exchanged for money usually via an escorw agent.

Mar 22, 2019 04:04 AM
Rainmaker
1,738,513
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

There is often a misconception that "closing" is when documents are signed AND keys are exchanged.  What most people refer as "going to closing" is really a signing of documents by all parties. 

Actual "closing" can take place anywhere from a few hours to a couple of days after signing documents.   Once the documents are signed, the proper distribution of money must be completed and the deed to the home recorded before legal ownership is transferred and the keys are exchanged.  

Mar 22, 2019 02:54 AM
Ambassador
4,582,242
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It happens in different ways depend on the state, but ownership legally changes hand

Mar 21, 2019 09:28 PM
Rainmaker
991,615
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Seller signs over ownership rights to buyer...i.e. deed. Buyer indebts themselves for 30 years, Real Estate agents get paid AND everyone is happy

Mar 22, 2019 12:15 PM
Rainmaker
1,901,261
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Lots of document signing and hopefully you get a check in the end kennith Frazier .

Mar 22, 2019 07:17 AM
Rainmaker
1,154,075
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Where is my commission check?

Mar 22, 2019 05:58 AM
Rainmaker
4,046,379
Richard Weeks
Dallas, TX
REALTOR®, Broker

The sellers signs some papers, if there is a mortgage the buyer signs more papers.  If there is a mortgage the closing agent will send all the documents to the underwriter, the underwriter will review, and if all is in order will release funds.  If there is equite the sellers gets a check, if not they bring money to closing.  Agents get paid.  And in most cases the buyer and seller never hear from their agent again.

Mar 22, 2019 04:30 AM
Ambassador
3,058,272
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I wish you all the best with your real estate studies. 

Mar 22, 2019 11:15 AM
Rainmaker
1,640,186
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

A sigh of relief

Mar 22, 2019 08:48 AM
Rainmaker
5,571,934
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

buyer pays.... seller gives key....

Mar 22, 2019 08:46 AM
Rainmaker
1,387,778
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Monies get transfered, deeds get recorded, keys change hands.

Mar 22, 2019 07:38 AM
Rainmaker
1,596,606
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No idea...

Jun 27, 2019 06:35 PM
Rainmaker
4,943,909
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Buyers get the keys, sellers get a check, and we get PAID.

Apr 09, 2019 10:39 AM
Rainmaker
911,486
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

All the final paperwork is signed. Final money is deposited. Money and ownership changes hands. And more...

Mar 23, 2019 01:51 PM