Donna Morin -Flannery - ERA Key Realty Services

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The last step of any home sale is the closing. This is the time when the buyer and seller sign all the documents surrounding the sale, including the documents for the buyer’s mortgage. This is when money changes hands and, in most cases, the buyer gets the keys to the home. If you’ve never attended a closing before, or it’s been a while, here’s what you can expect.

Before the Closing

Before the closing takes place, the buyer and seller will meet at the property for a final walkthrough. This gives the buyer the chance to inspect the home to make sure nothing changed in its condition between the inspection and the closing date. Buyers will look for damage to the property or items that aren’t working properly.

Who Attends the Closing

The closing is the next step. Both the buyer and seller with their respective real estate agents will be there. If anyone used a real estate attorney, that attorney will attend. A closing agent will conduct the meeting, and the lender may send a representative. Finally, someone from the title company will be in attendance.

Presenting & Signing the Documents

The main task that takes place at closing is the signing of documents. The buyers will go through about 50 to 100 pages of documents, many of which require a signature. Many of the documents are related to the buyer’s mortgage. The buyer will need to show proof of insurance, pay the closing costs, which are typically 2 to 5 percent of the home’s value, and fund the escrow, unless the seller offered to cover closing costs. Some of the documents relating to the mortgage that the buyer will need to sign include:

  • Final loan application

  • Mortgage agreement

  • Mortgage note

  • Loan estimate and closing disclosure

  • In addition to the mortgage documents, both the seller and buyer will need to sign several things, including:

  • The property’s deed

  • Bill of sale

  • Transfer tax declarations

  • At this point, any necessary payments are made, and the closing agent will write checks for the real estate agents' commissions. As long as there are no delays for funding, the keys change hands and the buyer becomes the home’s new owner.

    Potential Problems at Closing

    Most closings happen without any issues, but there are some problems that can arise on that day. It’s on the closing day that the final approval of the mortgage takes place. If the lender finds something surprising, like a change in employment or credit history, they could deny the loan. Also, title problems can pop up at closing that went undetected during negotiations. Finally, problems found during the final walkthrough could lead to delays at closing.

    Being well prepared for closing can help both buyers and sellers avoid these types of problems. With the right knowledge ahead of time, you can walk into closing confidently, knowing your real estate transaction will be completed in just a few hours.

    18 Sargent St, Leicester, MA 01611



    Full/Half Baths
    If you are looking to start an in home business this could be your opportunity! Spacious Antique Colonial with in law plus a 30 x 50 detached storage building with over 4500 s.f. of space, 1/2 bath, separate heating system and 2 full floors to do what you want! Zoned mixed use residential & commercial(just behind well known gymnastics center) right on the Worcester/Cherry Valley line! Quick access to major routes! The home is charming and has 2 kitchens(1 on each floor) and can easily be used for 2 families, in law or single family also. Great potential for an in home office w/sep. entrance. Perfect opportunity with the detached barn(fha/heat). Storage business? Offices? Furniture business building owned by the same people is also for sale next door The house, Barn & 3rd building can be purchase together for 549,900. The furniture building is also for sale by itself for 250,000.
    Open House
    No scheduled Open Houses

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    18 A Sargent St, Leicester, MA 01611



    Type of Comm.
    Lot Size
    Looking to start your own business? This is a perfect opportunity! Great 3 story Retail building currently being used by a successful, long time furniture business. Plenty of parking spaces for est. 21 cars. FHA/oil, all wood flooring and walls throughout. There is the ability to hookup to town water and sewer in the street. The building currently has no indoor plumbing. 6000 square feet of space! Perfect for business, storage, offices. On the Worcester line. Quick access to highways, just behind popular gymnastics business off Rt 9. Additional single family home and warehouse building available next door by the same owner(see MLS 72359742). Can be sold together as a package. Stop dreaming and come and see it!
    Open House
    No scheduled Open Houses


    Image by Jo Ann Snover from Shutterstock

    There are many ways you can make your house attractive to prospective buyers. Curb appeal goes a long way when it comes to first impressions. Your yard is one indication of the amount of time you’ve spent caring for your property in general. Buyers are undoubtedly attracted to homes that have been properly maintained so if you plan to sell your property, don’t neglect your landscaping. Just like washing the dishes and vacuuming floors positively impacts the look of your interior spaces, regular yard maintenance will do the same for your exterior spaces. 

    The following tips can help give you a good head start:

    • Plan to mow your lawn at least once a week. Use a weed wacker or edger to clean up around fences or play yards where your lawnmower might not reach. 

    • Remove weeds, leaves and clippings from walkways and patios. After you mow the lawn, use a leaf blower or broom to remove lawn clippings from walkways. If you have a brick or stone pathway, pull the weeds that may grow between the pavers.

    • Create clean edges between your grass and planting areas. You don’t need to install special materials to achieve this look. Use a straight-edge shovel to create or refresh an existing edge then add a fresh layer of mulch or stone to complete the transition.

    • Overgrown plants can be hard for homebuyers to overlook. Neglected shrubs and bushes may block the view of your house, they may interfere with walkways, doors, or other plantings and often just look untidy. Invest in a pair of loppers or hand pruners that can handle the plantings on your property. If you are not familiar with how to approach trimming the shrubs or trees you have, be sure to do some research before you start cutting. A local nursery or landscaper can provide advice on how and during which season you should prune your plantings. 

    A smart way to attract prospective buyers is to improve the landscaping around your home. Consult with your real estate agent for more ways to improve your curb appeal and for local landscaping resources.

    This Single-Family in Brimfield, MA recently sold for $262,500. This Cottage style home was sold by Donna Morin -Flannery - ERA Key Realty Services.

    89 Cubles Dr, Brimfield, MA 01010


    Sale Price

    Sweet, seasonal, WATERFRONT cottage on Lake Sherman! This adorable, summer cottage was the former Boy Scout Mess Hall and includes a sunny open floor plan, 5 BEDROOMS, 3/4 bath and fantastic enclosed sun room overlooking the lake. Awesome level lot, partially fenced yard, shed, wood patio, cesspool septic (passed Title V) and 2005 drilled well. Many updates have been done including: roof 2002, vinyl siding 2002, aluminum dock 2003, plumbing 2005, toilet, sink, shower 2005, HW tank 2005, 100 amp circuit breakers, water holding tank 2009 and replacement windows. Aluminum dock is included with a cute patio area by the water. If you have been dreaming of an affordable summer getaway, this is it! Brimfield is home to the famous Brimfield Antique Shows, the Brimfield Winery, the Brimfield Bike Trail and the Brimfield State Forest. Only 10 min to the MA Pike in Sturbridge or Palmer and 15 min to Rt 84 in Holland!