Your peace of mind is our priority, and we take pride in providing you with the expertise needed for a smooth and successful closing.
With meticulous attention to detail, we’ll ensure that all aspects of the transaction are seamlessly managed, from title searches to document reviews.
Real estate closing services are essential in transferring property ownership from the seller to the buyer. These services ensure that the transaction’s legal and financial aspects are adequately handled and completed.
Here are the critical components of real estate closing services:
1. Title Search and Examination:
2. Escrow Services:
3. Document Preparation and Review:
4. Property Inspection:
5. Funds Disbursement:
6. Proration of Expenses:
7. Deed Transfer and Recording:
8. Final Walk-Through:
9. Notary Services:
10. Closing Attorney:
1. Title Search and Examination:
A title search will verify the property’s legal ownership and past to identify any liens, judgments, or claims that could affect the property’s title. The examination ensures that the title is clear and to be legally transferred.
2. Escrow Services:
Escrow services involve a neutral third party (the agent, in this case, Coltefinanciera) holding the funds until all transaction conditions meet the buyer’s requirements, ensuring that both parties fulfill their obligations before the payment transactions. We want to clarify: Escrow services are not used in real estate transactions or sales in Colombia. We use Coltefinanciera as an escrow service.
3. Document Preparation and Review:
Various legal documents must be prepared by both parties for the closing, including the purchase agreement and other legal forms to be presented to the notary. These documents outline the terms of the sale and the responsibilities of both parties.
4. Property Inspection:
In Colombia, the buyer usually inspects the property before any offers are made and documents are signed. Buyers can often conduct a property inspection before closing. We have you covered. Our Engineers inspect your property to identify potential issues with the property’s condition. The property inspection can influence the final negotiation and closing process.
5. Funds Disbursement:
We ensure that funds are legally transferred to Colombia from the buyer’s country of origin to the seller and other parties, such as real estate agents and government agencies.
6. Proration of Expenses:
Certain expenses, such as property taxes and homeowner association fees, may need to be prorated between the buyer and the seller based on the closing date.
7. Deed Transfer and Recording:
The deed is the legal document that transfers ownership from the seller to the buyer. After the closing, the act is recorded in the appropriate government office to make the transfer official.
8. Final Walk-Through:
Before the closing, the buyer typically conducts a final walk-through of the property to ensure it’s in the agreed-upon condition and that any repairs negotiated were done.
9. Notary Services:
All closing documents require notarization. A notary public is responsible for verifying the identities of the parties signing the papers and ensuring their authenticity.
10. Closing Attorney:
Our attorney oversees the closing process of the buy and sell contract, ensures that all legal requirements are satisfied, and facilitates the smooth transfer of ownership.
Real estate closing services ensure a smooth and legally compliant transaction for buyers and sellers. Working with experienced professionals in this process can help prevent issues and ensure a successful property transfer.
We have bundled all these services for you
White Glove. Best Service
1. Title Search and Examination:
2. Escrow Services:
3. Document Preparation and Review:
4. Property Inspection:
5. Funds Disbursement:
6. Proration of Expenses:
7. Deed Transfer and Recording:
8. Final Walk-Through:
9. Notary Services:
10. Closing Attorney:
All These Services for Only
$6.800.000 COP
Top Closing Services
We are committed to ensuring that your real estate journey in Medellin concludes with confidence and satisfaction.
Our experienced professionals are dedicated to guiding you through the intricate maze of legalities, paperwork, and negotiations that define the closing process. With meticulous attention to detail, we’ll ensure that all aspects of the transaction are seamlessly managed, from title searches to document reviews.
Your peace of mind is our priority, and we take pride in providing you with the expertise needed for a smooth and successful closing. Trust RealEstateMedellin.info to be your partner in achieving a hassle-free and secure transition to your new property.
Contact us today to take the final step toward realizing your real estate aspirations with absolute assurance.
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