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Settlers is a complete home inspection company based in New Jersey, serving Burlington, Camden, Gloucester and all surrounding counties.
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School Reports in Mercer County, Burlington County and Middlesex County, New Jersey
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Real Estate Tips
Closing or Settlement >The Settlement

The final stage of a home sale transaction is the time to tie up all the loose ends. The buyer and seller will sign the settlement sheet at the closing, detailing all of the charges that each party has incurred during the sale of the house. It is crucial to go over the sheet for accuracy and to make sure that you understand everything on it before you complete the transaction.

When a contract is negotiated, each side agrees how to divide the loan fees (or points), as well as the other closing charges, such as state or local taxes or escrow fees. Your real estate agent can go over the settlement sheet and help you compare it with your purchase agreement. The seller's charges usually include the brokerage fee, the mortgage payoff, and any charges involved in clearing the title, as well as pro-rated property taxes, payments for termite treatment and escrow for repairs that could not be completed by closing. The buyer's costs include charges for the loan and title searches, insurance and any other legal fees. A good closing officer will go over the settlement sheet line by line, explaining each item and correcting any misplaced charges.

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Real Estate Trivia
Q 
What is the fastest-growing state in the U.S.?

A 
Nevada, for the 19th consecutive year, according to 2005 Census Bureau statistics.
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The Mike Carney Team, REALTOR®, real estate agent and broker for Mercer County, Burlington County and Middlesex County, New Jersey home listings, property and land for sale - NUMBER1EXPERT™

The Mike Carney Team
Keller Williams Realty

100 Canal Pionte Blvd. Suite 120
Princeton, NJ 08540
Cell: 609-647-8894
Office: 609-987-8889 x 200
Fax: 609-424-0273
Email: mc@mchnj.com

"The Mike Carney Team"
WITH YOU EVERY STEP OF THE WAY!
Recipient of the NJAR Circle of Excellence Award (2006 through 2009)
Member of the Top Producers Association of Mercer County

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