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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 financial document summarizing the final details of a real estate transaction or settlement between parties.
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How to fill out the closing statement template
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1.Start by opening your PDF filler tool and uploading the closing statement template.
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2.Review the top section to fill in the date of the closing and the names of all parties involved.
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3.In the buyer and seller sections, clearly indicate the full names, current addresses, and contact information.
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4.Proceed to the property description section, ensuring to specify the property address, legal description, and any relevant identifiers.
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5.Enter the purchase price in the designated field, going to include any earnest money deposited previously.
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6.Fill in all financial details such as closing costs, taxes, insurance, and any credits or debits needing adjustment between parties.
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7.Ensure all calculations are double-checked for accuracy and clarity; this includes totals for the buyer and seller's sides.
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8.Finally, sign and date the document where indicated, ensuring all parties have reviewed and agreed on the stated terms.
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