Closing Process

For The Seller

 

 

Congratulations your property has been sold.  We know you are excited and have a lot on your mind.  To assist you we have prepared a list of a few of the items we will need in order to process your file.

WEST LITTLE ROCK TITLE WILL NEED:

Copy of fully executed offer and acceptance;
Pay-off Information
       (Loan Number and Telephone Number)
Termite Company's Name
Copy of previous title insurance

West Little Rock Title will handle all details in conjunction with your closing.  We can also let you know the balance due you of your existing escrow account, if applicable.

Be Prepared:  The buyer may request a last-minute (walk-through) inspection of the premises prior to closing.  West Little Rock Title will also have the buyer sign a form at closing which states that they are accepting the property in its current condition.  A home warranty may also be purchased through West Little Rock Title.


 

PREPARE AND PLAN FOR CLOSING

How will the closing be scheduled? 

West Little Rock Title Company will contact you once everything is ready to close. They will do their best to schedule your appointment at a convenient time for you (after hour closings can be arranged if necessary).

We have prepared this list as an example as to the type of charges that will be deducted out of your proceeds. Consult with your Closing Agent, for a detailed list of the charges and payments that will be due for your particular transaction.

Pro-rata taxes for current year

Payoff of the Mortgage

Taxes due

Real Estate Agent’s commission

Any fees you agreed to pay in your contract 
      with the Buyer

Any repairs you have agreed to pay for

Fee for preparing and holding the closing

Title Binder

Recording and notary fees

Title Insurance

Tax Report

Termite Clearance Letter

Arkansas Revenue Tax

Note: VA Loans / FHA LOANS - Call West Little Rock Title to discuss special circumstances that may apply on VA or FHA LOANS.

 - Seller will have to pay some miscellaneous Lender’s costs.  Call West Little Rock Title to make sure your contract is worded properly, so you can avoid any hidden charges.

 

The information appearing on this page has been produced or obtained by West Little Rock Title.
  West Little Rock Title is solely responsible for the accuracy, completeness and
content of information appearing on this page. 

West Little Rock Title Company
1431 Merrill Drive, Suite D
Little Rock, AR 72211
501-224-5100

 

E-Mail: wlittlerocktitle@msn.com


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