4/5 Your Guide to Buying Property in Monteverde (Closing Time) 😀👍
Welcome to the final edition of our series! You’ve made it through the key phases of buying property, and now it’s time for the most exciting step: Closing the Deal. This phase ensures the legal transfer of ownership and the completion of your purchase.
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Fourth Edition: The Closing
The closing process is the final step before you officially become the owner of your new property. Here’s how to navigate it smoothly:
1. Arrange for the Closing
- To ensure a seamless closing, you must:
- Coordinate with your real estate attorney and notary.
- Set a closing date that allows all parties to be prepared.
- Confirm if a Power of Attorney (POA) is needed in case you cannot be present.
2. Approve the Escrow Disbursement Schedule 🧑⚖️Before funds are released from escrow, you will:
- Review the final financial statement.
- Ensure all contractual conditions have been met.
- Approve the payment distribution to the seller and any involved parties.
3. Transfer of Title & Signing the Closing Documents
A Public Notary will oversee this process:
- The property title is transferred to your name (or your corporation’s name).
- The deed is officially recorded in the National Registry.
- All closing documents are signed and notarized.
4. Final Payments and Fees
At closing, be prepared to cover:
- Remaining purchase balance.
- Legal and notary fees.
- Transfer taxes and registration costs.
"This is the final step in the closing process before you can fully enjoy your new property."
❤️Congratulations!
You are now a property owner in Monteverde! We are thrilled to have guided you through this journey. If you have any questions, need additional services, or are considering future investments, our team is here to help.
amomonteverde.com
"With deep knowledge of Monteverde’s real estate market, we’ve successfully helped buyers and sellers navigate property sales with ease. Our team provides personalized support, expert guidance, and access to a trusted local network of attorneys, surveyors, and escrow services. We focus on securing the best deal for you while ensuring a smooth, stress-free transaction in this unique and special region."
There's still one last edition for these series... keep in touch!
Thank you for being part of our series, and welcome to the Monteverde community!
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