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Enhanced Listings

GREAT CORNER LOT IN QUIET RESIDENTIAL NEIGHBORHOOD. MOTIVATED SELLER. WOODED LOT WITH SOME LARGE TREES.

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101 SAN MARCO DR
TYBEE ISLAND
$175,000

VERY PRIVATE LAGOON LOT AT MOON RIVER LANDING ON SKIDAWAY ISLAND. GATED COMMUNITY. MEMBERSHIP FEE REQUIRED FOR SOME RECREATION FACILITIES.

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102 WATERWAY DR
SAVANNAH
$168,000

LARGE HOME WITH SWIMING POOL. OCEAN VIEWS, STEPS TO BEACH CROSSWALK. 6 BEDROOMS, 4 BATHS, WILL SLEEP 20 PEOPLE. GREAT FOR LARGE FAMILY GET TOGETHERS!

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82 CAPTAIN'S VIEW
TYBEE ISLAND
$950,000

SECLUDED ELEGANCE WITH COUNTY SETTING IN OLD MONTGOMERY. 2 MANICURED ACRES. QUIET & PEACEFUL ON PRIVATE STREET. HOME IS IN IMMACULATE CONDITION.

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9959 WHITEFIELD AV
SAVANNAH
$789,900

 


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What to Expect at Closing Share


The last step in the home buying process is what real estate professionals commonly refer to as “the closing.” The closing, or settlement or close of escrow, is when all the progressive steps in buying a home from the acceptance of the offer, title search, home inspection, mortgage approval, and so on, come together in a final transaction. The documents are ready to sign, the buyer is ready to hand over the purchase price and the seller is ready to transfer title—and most importantly the keys!

Usually held in an office setting, most require about an hour and may be attended by some or all of the various parties in the process: the buyer, seller, real estate sales professionals and attorney.

What goes on during the closing? The buyer reviews and signs loan and real estate documents, as well as pays for the property, closing and other costs. One such loan document is the federal Truth-in-Lending disclosure form which describes the annual rate of financing (APR), finance charges, amount financed, total of payments and the payment schedule. There will also be a form itemizing what your monthly payment consists of including the principal, interest, taxes, insurance and other monthly charges. If everything is in order, the buyer signs the loan papers.

Real estate documents are just as important. There’s the HUD-1 form, which you have the right to inspect at least one day before the closing. This statement itemizes services provided and the fees charged for the entire real estate transactions. There will be a breakdown of the seller’s and buyer’s (borrower) financial obligations. Some of the charges include appraisal fee, credit report fee, loan origination fee, loan discount (points), title insurance fee, government recording fees, PMI Premium, inspections and attorney fee.

Other real estate documents that may be reviewed and/or signed include title documents, warranty deed (which transfers the title of the property) and other acknowledgment of reports.

Assuming that the funds are in order, the deed is correct and the title is clear, the final step is the disbursement of funds to the seller for the purchase price of the home. The title company should already have the loan funds in its possession, but the buyer will need to bring a cashier’s or certified check for the down payment and the closing costs if it was not included in the mortgage loan. If the buyer’s annual real estate taxes and homeowner’s insurance will be paid through the lender, an escrow account will also be established.

Once all the papers are signed and funds are disbursed, the buyer will receive the keys and is now a homeowner.

Skidaway IslandSkidaway Island
An amazing and history-rich island. The island where natural beauty can be found almost anywhere in the thousands of square acres of nature and adventure. Four residential communities are situated on the island: The Landings, Modena Plantation, South... More On This Community
Search Listings By MLS Area: Skidaway Island

Richmond PlaceRichmond Hill
Richmond Place ia located 20 miles from downtown Savannah. It is close to I-95, on Hwy.144, in Bryan County. This community is covenant-ruled, and is home to many military families. This is because it is in close proximity to Fort Stewart and Hunter... More On This Community

Windsor ForestSouthside
An area with a range of homes from starter homes to large executive homes, Marsh front properties to properties on deep water with docks. Some homes with small quaint yards to very large properties up to 5 acres zoned for horses. There is a nice park... More On This Community
Search Listings By MLS Area: Southside
Try Searching Listings Using Keyword: Windsor Forest

South HarborSkidaway Island
Located on the south end of Skidaway Island, South Harbor is only minutes away from Historic Savannah. Water access and water view lots are available as well as private islands overseeing the scenic Intracoastal Waterway. Heavily wooded half-acre lot... More On This Community
Search Listings By MLS Area: Skidaway Island
Try Searching Listings Using Keyword: South Harbor

 

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