The Closing of a home sale is also known as the settlement or the closing of escrow. The typical closing is a meeting of the buyer, the seller, the buyer's closing company, the seller's closing company, and anyone who represents the buyer or seller. The meeting occurs to formally sign all the documents that need to be signed, account for all the expenses of the transaction, and exchange the keys and garage door openers to the home.

As the seller, you need to find a closing company or settlement agent to complete the transaction. You usually can save money by shopping around for a settlement company that has competitive fees and a stable history. The buyer's mortgage company will usually hire a title insurance company to handle the buyer's closing. You will need to make sure that your closing company has the appropriate information so your closing can take place, such as:

• your title abstract or owner's duplicate for Torrens property,
• copies of the purchase agreement,
• buyer information,
• the buyer's mortgage company information,
• city inspection requirements,
• utility cutoff documents, and
• many other items unique to your transaction.

As the seller, you should also make sure that the main parties involved in the transaction (buyer, buyer's mortgage lender, buyer's title insurance company, and the seller's closing company) are in contact and receiving the information they need to close on time.

BuySelf Realty offers its Closing Arrangement Service that professionally manages the details mentioned above so you don't have to. For more information, click here.