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The Closing


Your closer will prepare the needed documents, will serve you at the closing, and will take care of recording the necessary papers.  Some sellers also request the presence of their attorney, at their own expense.

Obligations of the Seller

There are certain obligations for which you are typically responsible on or before the closing.  Your listing associate or the closer will be more than happy to answer any questions you might have regarding these obligations.
  • 1. State deed tax.
  • 2. Preparation of deed and other closing papers.
  • 3. Satisfaction of existing liens:
    • a) Mortgages
    • b) Judgments
    • c) Federal tax liens.
  • 4. Recording satisfaction of liens.
  • 5. Special assessments (if required by the purchase agreement or regulation).
  • 6. Real estate taxes.
  • 7. Brokerage fee.
  • 8. Mortgage prepayment penalty, if any.
  • 9. Interest to date of proration on assumed loans.
  • 10. Lender's service charge on DVA or FHA loans.
  • 11. Rent proration.
  • 12. Work orders, if called for, to secure DVA or FHA loans.
  • 13. Mortgage discount or buy-down fees, if any.
  • 14. Expenses relative to clearing defective title.
  • 15. Final meter readings.
  • 16. Fire and extended coverage insurance in force until closing.
  • 17. Water tests, survey, code compliance, energy audit, as required.
  • 18. Truth in Housing or Point of Sale inspection either before listing or before sale as required in several Minnesota cities.
  • 19. Leaving a clean house for the buyers, with everything in good working order.

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Realtor, Licensed in Minnesota, Equal Housing Opportunity
Phone:
320.587.7969

Email:

Serving Mayer MN and surrounding area.

A & S LINDAHL REALTY, LLC
524 Kay Street SW
Hutchinson, MN 55350




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