This Closing Statement is for a real estate transaction where the transaction is a cash sale or provides for owner financing. This settlement statement is verified and signed by both the seller and the buyer.
Carrollton Texas Closing Statement is a legal document used in real estate transactions to finalize the sale of a property located in Carrollton, Texas. It serves as an itemized account of financial transactions and legally binds all parties involved in the transaction. The closing statement typically includes all the necessary details and pertinent information regarding the sale, such as the purchase price, closing costs, property taxes, and any applicable fees. In Carrollton, Texas, there are mainly two types of closing statements that are commonly used: 1. Buyer’s Closing Statement: This type of closing statement outlines all the expenses and payments the buyer is responsible for, including the purchase price, property taxes, loan fees, and other closing costs. It may also include any additional expenses agreed upon between the buyer and seller during negotiations. The buyer's closing statement helps the buyer understand the financial implications of the transaction and ensures transparency in the overall process. 2. Seller’s Closing Statement: Conversely, the seller's closing statement details the seller's financial obligations and gains during the transaction. It includes the sale price of the property, deductions for outstanding mortgages, unpaid property taxes, realtor commissions, and any other agreed-upon expenses that the seller is responsible for. The seller's closing statement allows the seller to understand their net proceeds from the sale after all the deductions. Both the buyer's and seller's closing statements are prepared by the closing agent or the attorney handling the transaction, ensuring accuracy and adherence to local laws and regulations. The statements are typically shared with the respective parties before the closing meeting to review and settle any discrepancies or questions prior to signing. It is crucial for both buyers and sellers in Carrollton, Texas, to carefully review the closing statement to ensure all costs and credits are accurately represented. Any discrepancies should be addressed with the closing agent or attorney before finalizing the transaction. Overall, the Carrollton Texas Closing Statement plays a pivotal role in facilitating a successful and transparent property sale, while protecting the rights and interests of all parties involved.Carrollton Texas Closing Statement is a legal document used in real estate transactions to finalize the sale of a property located in Carrollton, Texas. It serves as an itemized account of financial transactions and legally binds all parties involved in the transaction. The closing statement typically includes all the necessary details and pertinent information regarding the sale, such as the purchase price, closing costs, property taxes, and any applicable fees. In Carrollton, Texas, there are mainly two types of closing statements that are commonly used: 1. Buyer’s Closing Statement: This type of closing statement outlines all the expenses and payments the buyer is responsible for, including the purchase price, property taxes, loan fees, and other closing costs. It may also include any additional expenses agreed upon between the buyer and seller during negotiations. The buyer's closing statement helps the buyer understand the financial implications of the transaction and ensures transparency in the overall process. 2. Seller’s Closing Statement: Conversely, the seller's closing statement details the seller's financial obligations and gains during the transaction. It includes the sale price of the property, deductions for outstanding mortgages, unpaid property taxes, realtor commissions, and any other agreed-upon expenses that the seller is responsible for. The seller's closing statement allows the seller to understand their net proceeds from the sale after all the deductions. Both the buyer's and seller's closing statements are prepared by the closing agent or the attorney handling the transaction, ensuring accuracy and adherence to local laws and regulations. The statements are typically shared with the respective parties before the closing meeting to review and settle any discrepancies or questions prior to signing. It is crucial for both buyers and sellers in Carrollton, Texas, to carefully review the closing statement to ensure all costs and credits are accurately represented. Any discrepancies should be addressed with the closing agent or attorney before finalizing the transaction. Overall, the Carrollton Texas Closing Statement plays a pivotal role in facilitating a successful and transparent property sale, while protecting the rights and interests of all parties involved.
