FAQ about the Closing
Where do Massachusetts closings take place?
Closings traditionally have taken place at the Registry of Deeds for the county in which your property is located. But with the advance of Electronic Recording capabilities, closings often take place at the Real Estate Closing Attorney’s office. Generally speaking, this is a more comfortable enviroment with features such as free parking, refreshments, and access to computers, printers and photocopiers. The seller is able to leave with their proceeds, the buyer with their keys, and the agents with their commission checks.
How long does a closing take?
A Seller can expect to be at the closing for 30 minutes while the Buyer should allow for 60 minutes.
Who attends the Closing?
Typically, the Buyers, Sellers, Real Estate Agents and Attorneys attend the closing. But again, technology has changed this slightly. A seller often sign the Quitclaim Deed and Power of Attorney in advance and does not have to attend the actual closing. It is not recommended but a Buyer may also have a Power of Attorney sign on their behalf. This must be arranged well in advance of the closing.
What do I need to bring to the Closing?
A. A photocopy of the front and back of a valid and current government-issued picture ID such as a driver’s license or passport as well as a second ID form such as an insurance card or AAA, etc
B. If you are Buying…..A bank check, aka a certified check for your bottom line made payable to The Law Office of Timothy A. Sherman. If you prefer to do a wire transfer, please let us know and we can get you our wire instructions.
C. Your personal checkbook, in case there is a last minute change.
Can I bring my children?
A Closing is an important event and requires a certain level of attention. But we certainly understand life circumstances so you are definitely welcome to bring your children. Our office has toys, puzzles, and coloring materials to help keep them occupied while you sign.
When do I get the keys?
Generally speaking, keys are available one hour after the closing is completed.
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