There are two of the happiest days in a homeowner's life, the day you buy and the day you sell!
Congratulations on selling your property! Here's what you can expect when closing the property.
Items to Bring to the Closing:
Valid and non-expired Identification
Supporting Documents Requested by Lender
Power of Attorney
Trust Documents
Banking Information (Voided Check)
Routing Number
Account Number
*1031 Exchange Account Information
The Process:
The Notary will be assigned to your closing. We will confirm your closing date and time, please allow 30 minutes to arrive at the appointment as we will be coming from another closing.
The appointment should take around 30 minutes with the majority of the time spent filling out the forms. Most packages are around 20-40 pages.
If there are multiple people selling, you may not all need to be at the same location at the same time.
Common Forms:
Warranty Deed / Grant Deed
Owner's Affidavit
Disbursement and Proceeds Instructions
Certification of Trustees (Will need to complete)
Real Estate Withholding Statement
Escrow Instructions
Settlement Statement
Disclosure
Closing Disclosure
Instructions to Pay Commission
Seller Contact Information
Property Records Disclosure (Will need to complete)
1031 Exchange Documents
Notice of Assignment
Shedule A (Form 1040) Itemized Deductions
Schedule B (Form 1040) Interest and Ordinary Dividends
Schedule D (Form 1040) Capital Gains and Losses
982 Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment)
1040 U.S. Individual Income Tax Return
1040-NR U.S. Nonresident Income Tax Return
1040-SR U.S. Income Tax Return for Seniors
1099-S Proceeds From Real Estate Transactions
4797 Sales of Business Property
5405 Repayment of the First-Time Homebuyer Credit
6252 Installment Sale Income
8822 Change of Address
8828 Recapture of Federal Mortgage Subsidy
8949 Sales and Other Dispositions of Capital Assets
W-2 Wage and Tax Statement
W-7 Application for IRS Individual Taxpayer Identification Number
https://www.irs.gov/publications/p523
#Will #Powerofattorney #justincasefile #planahead #responsiblity #covid19 #healthcareproxy #dealoftheweek #law #planning #hudsonstandard #youronlinenotary #notary
#Covid19 #staysafe #nytough #staystrong #beprepared #free #webinar #Free #Webinar #Lunchand learn #Notarizations #Estateplanning
#Funeralplanning #Notarization #NewYork #Covid19 #Estateplanning #Lunchandlearn #Free #Webinar #Signings #Health #Musthaves #FridayFun #Electronic #Electronicdocument #Electronicnotarialact #Electronicnotarypublic #Electronic notary #ElectronicSignature #Electronicnotarialstatementofauthority #Notaryelectronicsignature #EO202.7 #NewYorkState #Notary #Onlinenotary #nyssenate #nysgovernor #hudsonstandard #newyorknotary #apostilleservcies #notary #notarypublic #ink #pen #closings #realestate #moblieclosings #wesigned #weclosed #signings #signingagent #nna #nationalnotaryassociation #americannotaries #aa #realtor #online #apostille #express #rightnow #signedsealeddelivered #12monthsofgiving #signed #pen #newyorkcity #nyc #newyork #brooklyn #queens #bronx #manhattan #statenisland #newjersey #westchester #connecticut #educaiton #university #columbiaUniversity #nyu #permitexpediting #DOB #nydob #legalservices #legaleagle #served #sustainableoffice #smallbusiness #womenowned #bcorp