Getting Ready for Your Closing

The closing or settlement is the procedure by which the title of property is transferred from the seller to purchaser. The documents necessary for the closing including the deed, promissory note, mortgage, settlement statements, etc are reviewed and explained to the parties by the closing attorney. All documents are then signed by the seller and purchaser.

The following pointers help assure that the closing goes smoothly:

For the Seller

  • Let us know whether you will be present at the closing at our office or whether the closing will take place by mail. The legal assistant assigned to your file will advise you in advance of the date and time of your closing.
  • Forward us a copy of your deed, plat and owner's Title Insurance Policy.
  • Provide us with a copy of your payoff information on any and all loans secured your property, including: a. loan account number; b. lender's name, address and telephone number; c. copy of payment coupon or most recent account statement; d. if readily available, a copy of the first page of your security deed.
  • If one of the sellers is unable to attend the closing, please advise us so we can prepare and send you a Limited Power of Attorney in advance of the closing.
  • Advise us in advance of any possible problem concerning outstanding taxes, other liens on your property or whether any work has been done on your property the last 90 days.
  • Furnish us in advance the termite clearance letter from your termite company.
  • Furnish us the legal names and social security numbers of all sellers of the property.
  • If you are a non-resident of South Carolina, please advise us so we can send you a seller's affidavit for South Carolina withholding tax.
  • Advise us if the assets being transferred are business assets and are a majority of the business assets, based on fair market value.
  • Bring a photo ID to the closing.
  • Furnish information on your Home Owners Association including the account number, name, address and telephone number of the manager of the association.
  • If the seller is a corporation, LLC, Partnership or other entity, contact our office to obtain instructions on the documents we will need for closing.

Please click here for information on the location of our office.

For the Purchaser

  • Let us know whether you will be present at the closing at our office or whether the closing will take place by mail. The legal assistant assigned to your file will advise you in advance of the date and time of your closing.
  • If one of the purchasers will be unable to attend the closing, please advise us so we can prepare and send to you a Limited Power of Attorney in advance of closing.
  • Information on your lender including the name and telephone of your Bank or Mortgage Company and the contact person you have been dealing with on your loan.
  • Advise us the name, address and telephone number of your insurance agent. We must have evidence the full premium has been paid and your lender must be shown as a "Loss Payee" under your policy.
  • Please advise us if you want an Owner's Title Insurance Policy.
  • Arrange to bring with you to closing certified funds drawn on a South Carolina Bank or wire us the closing funds. The wiring instructions are as follows:
    • We recommend you have a survey of your property.
    • Bring a photo ID to the closing.

Please click here for information on the location of our office.