Where Will My Closing Take Place?
Most closings are held at the office of the title or escrow company, or remotely if needed. If you’re working with a lender, the closing location will align with their requirements. In Florida, the party paying for title insurance typically selects the closing agent and location.
What Does a Title Company Do?
A title company manages the entire closing process—conducting title searches, resolving any ownership or lien issues, preparing legal documents, collecting and distributing funds, and ensuring the new owner receives clear, insurable title. We also issue title insurance to protect your ownership rights.
What Is Title Insurance and Why Do I Need It?
Title insurance protects against future claims or disputes over property ownership due to issues like undiscovered liens, errors in public records, or past fraud. It’s a one-time cost that provides long-term peace of mind.
What Happens During the Closing?
At closing, all necessary documents are signed by the buyer and seller, funds are disbursed, and ownership officially transfers. You’ll receive a copy of your signed documents, and the deed is sent for recording with the county.
What Are Typical Closing Costs?
Closing costs vary, but usually range from 2%–5% of the purchase price. These can include title insurance, government recording fees, taxes, lender fees, and prepaid items like property taxes or homeowners insurance. We’ll provide you with a clear breakdown in advance.
Can I Close Remotely or Out of State?
Yes! We offer mobile notary services and remote online closings (where permitted) to accommodate buyers and sellers who cannot attend in person. Just let us know your preference and we’ll help coordinate the process.
How Are Property Taxes Handled at Closing?
Florida property taxes are paid in arrears, meaning the bill for the current year isn’t issued until later. Taxes are prorated based on the prior year’s bill. The buyer and seller may sign a re-proration agreement if taxes change once the actual bill is received.
What Should I Bring to Closing?
All parties should bring a valid photo ID. Buyers should bring any required funds, usually via wire transfer. Sellers should bring all keys, remotes, and access cards for the property.
How Long Does the Closing Process Take?
The signing appointment typically takes 30–60 minutes. If it’s a cash deal, the entire transaction can close in as little as a week. If there’s a mortgage involved, closing timelines often range from 30–45 days.
What Is Escrow and How Does It Work?
Escrow is a neutral third-party process where funds, documents, and instructions are held securely until all terms of the transaction are met. Once everything is verified, escrow releases the funds and facilitates the transfer of ownership.
How Do I Know My Funds Are Secure?
We use secure, bonded escrow accounts and follow strict industry regulations to protect your money. We’ll provide detailed wire instructions and confirm all information verbally to help prevent wire fraud.
What Is “Clear to Close”?
“Clear to close” means the lender has reviewed and approved all documentation, and no additional conditions remain. Once we receive this notice, we’ll schedule your closing and finalize the process.
Who Chooses the Title Company?
Typically, the party paying for title insurance selects the title company. In many cases, this is negotiated in the purchase contract. However, we’re happy to work with all parties involved to ensure a smooth experience.
What Can Delay a Closing?
Delays can happen due to missing documents, unresolved title issues, appraisal or inspection hold-ups, or lender delays. Our team works proactively to identify and resolve issues early so your closing stays on track.
What Happens After Closing?
After closing, the deed is recorded with the county, and funds are officially disbursed. You’ll receive copies of your final documents and title insurance policy. Welcome home!
