I have heard that closing can take hours. How long does the closing usually take?
The actual closing can take anywhere from one hour to several hours, depending on the situation. If both buyer and seller are in full agreement of all the terms of the sale, and the buyer and seller both understand all the documents they will be signing, the closing should go quite quickly. The closing agent will present the buyer with any loan documents to sign, notarize all the required signatures, and give the seller the deed and any closing documents for him to sign. If an explanation of each document is required, then the closing will take longer. This is the most important last step of your property purchase, so do not be rushed at the closing. Ask questions about any documents which you sign that you may be unsure of their content. All the documents you sign at the closing will become legally enforceable contracts and documents and bind you to certain obligations.
Copyright © 2009 Sandy Gadow. This article may not be resold, reprinted, resyndicated or redistributed without the written permission from Escrow Publishing Company.
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