Engle Realty: Louisiana Real Estate
Residential & Commercial Real Estate Sales and Rentals
The Real Estate Closing
What happens at the closing? What is a closing? Where does a closing take place? When does a closing take place? What does a closing do?
The closing table is something you may get worried about. You may have lots of misconceptions about what a closing table is. But it is actually just what it says it is. It is a table that you, your agent an attorney, and the other agent and the seller will all sit around. Sometimes a loan officer is present, and sometimes the seller does not attend. During the day of the sale, your agent will meet at the Title company's office that you chose. There you will sign all of the loan papers and sale papers to finalize everything. Your agent will review the papers to make sure everything is on the up and up. After everything is signed, you will receive the key!
Also, you may be wondering, but it isn't until you get the key that your agent actually gets paid for all of the work your agent did for you. Your agent gets a pre-established commission that the seller prior agreed to pay for any agent who finds a buyer for his property. Your agent will ultimately be paid from the proceeds of the sale.
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