Cincinnati, OH, July 09, 2014 --(PR.com
)-- Once The Lowry Team has an offer on the house it is time to begin the closing process. The closing process can be broken down into steps.
First, the buyer and seller must sign and and agree to the terms of the sale of the house. This results in an executed contract. Next, the earnest money from the buyer is deposited into an escrow account. Earnest money is a way for the buyer to show their commitment to the transaction. The executed contract is then sent to the lender and the title company to begin the process of contract to close. If there is an option period the buyer can use this time to inspect the property. Any repairs agreed to should be completed with receipts before the closing. The Lowry Team will work with the title company to collect all of the necessary documents. When it is time to close, they will work from a document known as a HUD-1 settlement statement. A HUD-1 outlines the charges associated with the sale of the house and what the seller can expect to net after the sale. Lisa Lowry, Transaction Coordinator for The Lowry Team will follow up to make sure that all of these steps take place on time and in order.
If you are considering selling your home, Contact Eric Lowry, CEO and Listing Specialist for The Lowry Team and set up a free consultation.
The Lowry Team - Keller Williams Realty is an award winning, full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team’s culture is that of a fun, high energy group who prides themselves on providing personal, professional real estate service.
The Lowry Team is "Different By Design"... taking a team approach to home buying and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator and a Marketing Director.
Buyers and sellers can reach The Lowry Team - Keller Williams Realty at: 513-874-1830.