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Upscale Properties
If you are selling an executive property in an upscale neighborhood, you know your home is unique. You expect an upscale property to be marketed with the same professionalism you demand in every aspect of your life. That's where our experience with selling homes like yours pays off. Keep in mind, buyers who can afford your home lead busy lives just like you. Unfortunately, however, even sophisticated homeowners sometimes make mistakes when they go to sell their upscale home. What happens then is the property nets less than the top-dollar price it's worth or worse--the home doesn't sell! If you're like our other clients, you will want to avoid the costly mistakes even smart homeowners make. For more information, please email The Kim Alexander Group at info@kimalexandergroup.com
Closing or Settlement >The Settlement
The final stage of a home sale transaction is the time to tie up all the loose ends. The buyer and seller will sign the settlement sheet at the closing, detailing all of the charges that each party has incurred during the sale of the house. It is crucial to go over the sheet for accuracy and to make sure that you understand everything on it before you complete the transaction.
When a contract is negotiated, each side agrees how to divide the loan fees (or points), as well as the other closing charges, such as state or local taxes or escrow fees. Your real estate agent can go over the settlement sheet and help you compare it with your purchase agreement. The seller's charges usually include the brokerage fee, the mortgage payoff, and any charges involved in clearing the title, as well as pro-rated property taxes, payments for termite treatment and escrow for repairs that could not be completed by closing. The buyer's costs include charges for the loan and title searches, insurance and any other legal fees. A good closing officer will go over the settlement sheet line by line, explaining each item and correcting any misplaced charges.
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| Q |
What famous writer's home is Rowan Oak?
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| A |
Rowan Oak in Oxford, Mississippi, was the home of William Faulkner from 1930 until his death in 1962.
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