Sellers of real estate property often think their work is finished when the contract is signed. But until you’ve handed over the keys, and your closing attorney has handed over the deed, there are still things you need to focus on:
1) Title issues. If your closing agent/attorney turns up any problems, or “clouds” on your title, they will work to resolve it with your help. Maybe you forgot to get a permit closed for work you did a long time ago, or maybe there was a mistake when you added a relative to the deed. While these clouds can be cleaned up by a qualified attorney, there may be steps they need you to take, which you must do right away.
2) Repairs. If you haven’t maintained your house over the years, you might want to consider having your own professional inspection done before you list the home, then fix the problems that are detected, so they won’t cause problems later. If you haven’t done this, and your buyer’s inspection turns up trouble (assuming you are not selling the home “as is”), you’ll need to ensure those repairs as completed as soon as possible.
3) Condition of the property. When you sign a contract, the buyer is agreeing to buy the home in the same condition they saw it. During the period between contract signing and closing date, it’s important for the seller to maintain the property, and to repair anything that breaks during this time. After you move out and before the buyer has a walk-through, be sure to thoroughly clean your soon-to-be-ex home inside and out.
4) Closing documents. When you get the documents before the closing, you’ll need to review them as closely and as quickly as possible to make sure all the figures are correct. If you have any questions, ask your attorney to explain. That way, when you get to the closing, the final steps will also be as smooth as possible, and you’ll soon be on your way to your next adventure.
Sometimes sellers in South Florida think they do not need an attorney. My years of experience show hiring an attorney is always a cost-effective move because having a professional not only doing the seller’s documents but also representing your interests can save you time, headache, and, most important, money. Problems that turn up on the seller’s side after the contract’s signing can sometimes even kill the deal if they are not handled quickly and professionally.
For more on the steps, buyers should take after the contract signing, see my prior blog.
Having the Law Offices of Gary M. Landau by your side during each step in a real estate deal helps ensure that the process goes smoothly. For more information about your real estate contract in South Florida, call 954-979-6566 or email for a free consultation.