Real Estate in St George
Karey Maniscalco
435-703-4584435-703-4584

What is the Difference Between Closing & Recording on My Home?

These terms often confuse buyers and sellers and it is understandable why. When a buyer or seller is told they are going to closing they often wonder where are my keys or where is my money? A better term for470719831_XS signing paperwork on your property is settlement.

The Settlement deadline is the last day the buyer and seller can sign their necessary documents needed for the real estate transaction. This includes the buyer’s loan documents, note and trust deed. For the seller it includes the warranty deed and any other need documents.

However, this is only settlement of the paperwork needed for that transaction.  The official transfer of monies and title (called closing or funding and recording) does not happen for 1-2 business days. In turn, the new buyer does not get the keys until at least that time. If a longer possession date was negotiated, then they get the keys then.

keys-renting-house

Leave a Reply

About Karey Maniscalco

Picture of Karey Maniscalco

Karey Maniscalco

Realtor- Realtypath

kareysells@gmail.com

435-633-9080435-633-9080 main

Karey Maniscalco & Associates with RealtyPath

113 East 200 North St George, UT 84770

Facebook Feed

St George Real Estate - Just closed on this home. The buyers are going to enjoy the amazing views. I am so HAPPY for them!

5 days ago

St George Real Estate - Under Contract. A few of my favorite words!

5 days ago

Reviews

5nicole danny

Karey was great!! She went above and beyond to find my family the perfect home. We were first time buyers and she took the time to explain things to us, she was on top of all the paper work and emails & walked us through the whole process !

5Jamiej4

Karey is a top notch Realtor! I highly recommend her! She goes above and beyond and works hard to get what you want in buying and selling of your home! I have used other realtor's and would never use anyone other than her again!

5AlisaBrewer666

I am absolutely DELIGHTED to offer my review of Karey. We contacted her at the beginning of February, 2016. We had been offered a purchase price on the house that we had been renting for a year....and we had NO IDEA what to do next. My friend, who bought... (more)

Review Karey Maniscalco on Zillow.com