Real Estate Closings

Once parties have agreed on the terms of a real estate transaction, in North Carolina they need an attorney to facilitate the “closing.” This occurs after all the preliminary work, like title searches and mortgage approvals, have been completed, when the parties meet with a qualified real estate attorney. The term real estate closing is an apt description of its purpose. In North Carolina, real estate closings are conducted by licensed attorneys in accordance with state law. It is the close out meeting between the buyer and the seller of real property wherein all the loose ends of a purchase is wrapped up pursuant to the agreements made in the Purchase and Sale Agreement. Often the closing is conducted remotely, by mail, or by email and bank wire.

At closing, documentation relating to the sale is executed, deeds are transferred and mortgage documents are signed. Tax issues are settled and paid, as are miscellaneous expenses described in the Purchase and Sale Agreement. These may include costs for items like recording costs, deed stamps, title insurance, and proration of real estate taxes. These costs are known as closing costs.

To finalize the closing, attorneys provide a settlement statement enumerating purchase and sale costs, ancillary expenses and other closing costs. The settlement statement is approved and signed by both the seller and buyer.

To many people, the purchase of real property will be the most substantial investment they ever make. It is important to have an experienced attorney with a professional staff to make sure that nothing is overlooked or left to chance.

Coward, Hicks & Siler, PA, is a general practice law firm, whose lawyers are authorized and licensed to provide legal services in the State of North Carolina. We serve clients throughout western state, in Franklin, Sylva, Murphy, Cherokee, Bryson City, Waynesville, Highlands, Cashiers, Cullowee, Robinsonville, Brevard, Asheville and surrounding townships.

The main content of this site is updated as necessary to ensure accuracy. Blog posts are accurate as of the date of publication and are updated with new posts in the event of changes in the law. All material found on this website is primarily intended for the purpose of marketing, and to allow visitors to compare the services offered by Coward, Hicks & Siler with those offered by similar law firms.

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FRANKLIN

43 West Main Street
Franklin, NC 28734
Phone: 828-524-6475
Facsimile: 828-524-9833

SYLVA

705 West Main Street
Sylva, NC 28779
Phone: 828-586-2147
Facsimile: 828-586-2605

CASHIERS

211 Cashiers School Road
P.O. Box 1918
Cashiers, NC 28717
Phone: 828-743-2401
Facsimile: 828-743-2403

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  • Contact Information

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    Big Firm Representation. Small Firm Experience.

    Sylva

    705 W. Main Street
    Sylva, NC 28779
    Phone: 828-586-2147
    Facsimile: 828-586-2605

    Cashiers

    211 Cashiers School Road
    P.O. Box 1918
    Cashiers, NC 28717
    Phone: 828-743-2401
    Facsimile: 828-743-2403

    Franklin

    43 West Main Street
    Franklin, NC 28734
    Phone: ]828-524-6475
    Facsimile: 828-524-9833