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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

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What is closing statement

A closing statement is a document that summarizes the financial transaction and final agreements between parties in a real estate deal or business arrangement.

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Who needs closing statement template?

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Closing statement template is needed by:

Buyers in real estate transactions
Sellers in real estate transactions
Real estate agents
Lenders or mortgage companies
Legal professionals involved in the transaction

How to fill out the closing statement template

1.

Open pdfFiller and upload your closing statement template.
2.

Begin by entering the date of the transaction at the top of the document.
3.

Fill in the buyer's information including full name and address. Ensure accuracy in spelling and provided details.
4.

Next, input the seller's information, matching the same formatting as for the buyer.
5.

Proceed to detail the property information, including the address, legal description, and any identifying information relevant to the property.
6.

Enter the purchase price of the property and any additional fees or costs associated with the transaction.
7.

Outline the financing information including down payment, mortgage amount, and any applicable mortgage terms.
8.

Review all calculations for accuracy, ensuring totals are clear and correct. This includes any prorated taxes or seller credits.
9.

Finally, have all parties sign and date the document, ensuring that any witnesses or notaries are also included if required.