Closing and settlement can be confusing. But this fun 3 minute video does a great job of de-mystifying the basic process.
For many sellers escrow, real estate closing, settlement and title searches are the least understood part of selling a home. Whether you plan to manage them yourself, hire a real estate attorney or rely on a broker - it is important to understand what is happening during escrow and what your responsibilities are. After all no matter how you manage closing it is your transaction and your money!
Thanks to Federal Title of Washington DC for this simple fun video. For more information about the closing process check out these articles in the Owners.com article library:
What Happens at Closing
What is Escrow/Closing/Settlement?
Choosing a Title Company, Escrow Officer or Real Estate Attorney
Who Pays Transaction Costs?