For The Seller

A seller has very few documents to sign at closing. Out of a typical 45 minute closing the seller will consume about 10 minutes. So, if you are selling and buying at the same time, you may want to consider giving "Power of Attorney" to someone to help close the sale of your current home. (See "Power of Attorney" section).

Before the proceeds check can be passed along, the transaction must first be placed on record. That is, the transferring documents passing the property along from the seller to the buyer need to be recorded at the Registry of Deeds. Unless the closing is held at the Registry, documents are typically sent by courier. Generally, the proceeds check is available a couple of hours after closing.

 

For The Buyer

The typical closing lasts about 45 minutes. Once you're at the closing table the only thing left to do is sign documents!

At the table, you'll be asked to pass along a picture ID, proof of insurance and a bank check to cover all of your closing costs. (See "Bring-To-Closing" checklist).

Keys to your new home will be passed along and, generally, you can start moving in right away. Technically, however, the property should go on record before you take possession so . . . you may be asked to wait a couple of hours. The closing attorney will be able to answer any questions you may have about closing and occupancy.