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What Is My Home Worth?

Our FREE service provides you with your home's current market value and suggested selling price.

Tuesday, June 20, 2017

6912 Williamsgate Blvd, Crestwood, KY 40014

Welcome to 6912 Williamsgate Blvd, a stunning, 2.5-year-old home in the Williamsgate neighborhood. This 1.5 story home in Crestwood is an original Ball Homes product is a modified “Jackson” plan with plenty of upgrades. In ...  Read More

Tuesday, May 30, 2017

10904 Rock Ridge Pl, Louisville, KY 40241

Welcome to 10904 Rock Ridge Place in the prestigious Rock Springs neighborhood. This new home (built in October 2015) would fit many people's description of a dream home. Every upgrade you could ever dream of can be found in the home, starting with ...  Read More


THE CLOSING OF YOUR LOUISVILLE DREAM HOME

HERE'S HOW IT WORKS:

  • Closings are often held at the title company’s office but are may be at the real estate office or some other acceptable location.
  • Funds that buyers or sellers will pay or receive are detailed on a standard form called a HUD-1. All expenses or proceeds to both parties are shown on this 2-page form.
  • In most cases, buyers and sellers are both present, along with an attorney.
  • Realtors® and lenders don't have to be present but usually are.
  • Typically, sellers will sign the deed of the property over to the buyers in front of the attorney.
  • Buyers will sign the mortgage -- an 18-page standard document which pledges the home to the lender as collateral for the loan.
  • Attorneys will collect up-front payment from buyers to fund "escrow accounts", which enable the lender to pay your homeowners insurance, property taxes, etc.
  • Both parties will be asked to sign many legal forms -- disclosures, agreements to let the attorneys correct any errors discovered after the closing, etc.
  • Realtors® are paid by closing attorney out of the sellers' proceeds.
  • Sellers walk away from the closing table with a check and the buyers with keys to their dream home!

It sounds complicated, and it is -- but all of this is done by people who do it every day. It's made simple for the buyer and seller by the Realtor® and his/her trusted associates.