Both buyers and sellers look forward to closing on their homes, but what happens if there’s a problem and either party can’t get to the location where the closing is held? In cases like these, Title Junction offers a courtesy closing.
But what exactly is a courtesy closing? It’s a service offered by mortgage, title and escrow companies to help people who are unable to travel and out-of-towners who are buying or selling a home. If you’re still not sure when a courtesy closing might be necessary, here are a few different situations where you may need one.
A Courtesy Closing Can Happen If Someone Is In The Hospital
A visit to the hospital is never fun, but it can be made even more stressful if the visit corresponds with buying or selling a house. You can’t choose when to get sick or need emergency surgery and a courtesy closing can help ensure that your real estate property transaction goes off without a hitch, even if you’re stuck in a hospital bed. As long as you’re able to sign documents, a professional from a title company can come to witness the signing to make sure it is all done legally. If you’re under the influence of painkillers or unable to sign your name, it may be necessary to wait until you’re well to complete your transaction.
A Courtesy Closing Can Help If Buyers Are Buying An Out Of Town Home
If you’re moving to a new city and buying a home, you can help reduce the stress of moving by closing on your new home before you even leave your old city. Imagine being able to move directly into your new home instead of having to stay in a hotel or a temporary home while you’re waiting to close. This can help you save money on hotel rooms and storage fees since you won’t need to worry about a place to keep your household items when you’re waiting to move.
A Courtesy Closing Can Help If Sellers Have To Move Before They Sell Their Old Home
Sometimes a relocation requires that sellers move quickly — even before they can actually sell their home. If you’re moving across the country and settling into a new location, the last thing you want to do is go back to your old city just to sign some paperwork. When you use a courtesy closing, you can sign the paperwork in your new city and then have the papers mailed to the title company to await the buyer’s signature.
Many people who require courtesy closings can get a recommendation from the title company they are currently working with. Sometimes the title company will work with another title company to schedule the courtesy closing for you. However, if you can’t get a recommendation, make sure to call around to get a few price quotes before choosing the company that you’re going to use. Prices can vary so you want to make sure that you’re choosing the right company to provide courtesy closings.