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What should you take to your Florida real estate closing?

If your closing is scheduled in the next few days, then you've likely made it through the hardest part commercial real estate buying process. You've likely already shown proof of funds. If there were any inspections or due diligence analyses that needed to be completed, then that's hopefully already already been done too. Now, the final step that you need to take is to gather the necessary documents together to take to the closing.

Both the buyer and seller have different documents that they should bring with them to any commercial real estate closing.

The seller and buyer should both bring their state-issued photo identification card to this meeting. This will be utilized by the attorney or closing agent and any other parties present to verify signatures on these documents.

If the buyer or seller is represented by an agent, then that party should also bring the articles of incorporation or any other relevant documentation showing that they have the legal authority to sign the closing statements.

Both the buyer and seller should bring their individuals purchase agreements to the closing with them. Both parties must read over this document in advance of their attendance at the closing. These should be compared to any closing statements that you may be asked to sign once there.

A seller should bring the bill of sale with them as well as any receipts showing the payoff of judgments, liens, utilities, taxes and mortgages and related interest payments.

Buyers should bring with them any invoices that they've uncovered for unpaid assessments, utilities or taxes. They should also bring proof that they've purchased insurance. Perhaps most important of all, buyers should secure a cashier's check for any monies that they may owe. This will ultimately be turned over to the seller.

The items that a buyer or seller may need to bring to the closing vary depending on the jurisdiction and the particular property that's been purchased or sold. You should follow up with the commercial property closings attorney who is handling your Florida real estate transaction if you want to make sure that you bring everything necessary to close your deal here in Mebourne.

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