At the Closing Table and After
In This Chapter
◆ What happens at the closing table
◆ Calculating profit and loss
◆ Tax implications
◆ Liabilities after closing
◆ Sample documents
If you’ve made it to the closing table, you’ve come to the end of the road. Congratulations! This is the moment when you will legally sign over ownership (and the keys) to your home. Hopefully, a great deal of money will be deposited directly into your account or you will physically be handed a large check. But it’s also a bittersweet moment because, after the closing has concluded, you may not go back to that property unless as an invited guest.
While it’s rare, there are certain circumstances that may cause the journey in selling your home to extend beyond ...