Why does seller has to select a closing agent?
While Houzeo empowers For Sale By Owner (FSBO) sellers with a powerful online platform, it's important to understand that choosing a closing agent is not included in their service. Let's explore why selecting a closing agent is crucial for a smooth transaction, even when selling FSBO.
Benefits of a Closing Agent:
- Clear Title Ensured: A primary role of the closing agent is to verify the property's title is clear of any liens, easements, or other encumbrances that could prevent the buyer from obtaining clean ownership. This protects both you (the seller) and the buyer from potential legal issues down the road.
- Expertise in Real Estate Law: The closing process involves complex legal documents and financial transactions. A qualified closing agent ensures all paperwork is completed accurately and complies with local regulations.
- Facilitates Closing Process: The closing agent handles essential tasks like:
- Disbursement of funds: Ensuring all parties receive the correct amounts from the sale.
- Collecting and recording paperwork: Facilitating the signing and filing of essential documents like the deed.
- Title insurance: May offer title insurance to protect the buyer from future claims against the property.
The information provided here is intended for general knowledge and informational purposes only. Real estate transactions can be complex, and laws vary by location. It is strongly recommended to consult with a qualified real estate attorney or closing agent for advice specific to your transaction
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