Sherrills Ford Residential Closings Lawyer

Residential Closings Attorney in Sherrills Ford, NC

When dealing with the overwhelming tasks involved with selling your home, you need a competent Sherrills Ford residential closings lawyer to assist in the process. There are specific laws that apply to homeowners looking to sell. Having an experienced attorney on your side can help ensure legal compliance at every point.

Choose a Trusted Estate Law Firm in North Carolina

Known for its lakefront homes, Sherrills Ford residents enjoy daily life 46 miles from Charlotte. The Lake Norman community boasts luxury homes and a peaceful lifestyle. In 2023, the average detached home value in Sherrills Ford was $347,254. When handling such a high-value asset, it’s important to hire a residential closing lawyer that you can trust.

Thomas & Webber is a dedicated law firm based in Mooresville, North Carolina. Our skilled team provides transparent legal guidance throughout the estate planning and transfer of homeownership. We know how confusing state laws can be, and we work tirelessly for our clients to help them seek the most favorable outcome for their legal needs. Our lawyers are committed to helping our neighbors and community members have a smooth closing process.

How an Attorney Can Help You During the Sale of Your Home

Under North Carolina law, a licensed attorney must help oversee any residential real estate closing. The process has three main parts:

1. Prior to closing: During this time, your attorney can gather information and prepare everything needed. They’ll check the property’s title to ensure there are no legal issues, such as liens or unpaid taxes. A lien means someone has a legal right to your property until you pay off a debt owed. A lien can prevent you from selling until the debt is cleared. Your attorney may collect important documents, such as:
   • Homeowners insurance
   • Homeowners’ association fees
   • Inspection reports
   • Warranties
   • Realtor commissions

   This information creates a closing package and a preliminary closing disclosure form that shows loan terms and costs. Your attorney then notifies the buyer of the amount needed at closing.

2. At closing: This meeting can happen at the Thomas & Webber office in Mooresville. Your attorney can review all the documents with the buyer, including the final closing disclosure, loan documents, the deed, and inspection reports.
3. Following the closing: Your attorney can update the title with a final check to make sure nothing has changed that would affect ownership. They’ll record the deed and the mortgage at the Register of Deeds office. In Catawba County, Angela Henson oversees the management and safeguarding of property records. Her office is located at 100 Government Drive in Newton.Your attorney can then distribute the funds. Final payments may go to the seller, any lenders, realtors, and insurance companies.They’ll then prepare a final title opinion for the title insurance company and send it, along with the title insurance premium, to the title insurance company. Finally, your attorney can mail the original deed to the buyer and the deed of trust to the lender.

The Residential Property Disclosure Act

Between January 2024 and January 2025, there were 8,672 homes listed for sale in Catawba County. These homeowners must comply with the Residential Property Disclosure Act. Disclosure statements must be given to the buyer before or at the time of making an offer. The disclosure statement must include any known problems or conditions of the property, such as:

• Water and sewage systems
• Roof and foundation
• Plumbing
• Electrical
• Heating and cooling
• Any signs of pests
• Specific zoning rules
• Relevant building codes
• Environmental hazards

Owners are allowed to state they don’t know about certain conditions of the home and aren’t responsible for any previous owners’ actions if they didn’t know about them. If something changes, the owner must give an updated statement to the buyer.

FAQs

How Can I Prepare for the Closing Meeting as a Seller?

When you’re selling a home in North Carolina, it’s important to come to the closing meeting prepared with the right documents and items. Bring your ID and any funds needed to cover your portion of the closing costs, either as a cashier’s check or wire transfer. Bring the purchase agreement and any other documents your attorney has requested. Having these items ready helps ensure the closing goes smoothly and that ownership can be transferred without delays.

What Documents Are Typically Signed During the Closing Meeting?

At the closing meeting, several documents may need to be signed to finalize the sale. These typically include the closing disclosure, which details the financial aspects of the transaction. It also includes the promissory note, which outlines loan repayment obligations, and the deed of trust, which gives the lender the right to take the property if loan payments aren’t made. Reviewing these documents carefully with the attorney is important to make sure all terms are correct before signing.

What Are the Closing Costs the Buyer Typically Pays in a Sherrills Ford, NC Home Sale?

For buyers, common closing costs include title fees, which cover a title search and optional title insurance to protect against ownership problems. When you buy a home in Sherrills Ford, NC, closing costs are the extra fees and expenses you pay in addition to the purchase price. Other buyer costs include a home appraisal and a home inspection.

What Are the Closing Costs the Seller Typically Pays in a Sherrills Ford, NC Home Sale?

For sellers, common closing costs include transfer taxes and excise taxes. Buyers with mortgages may face additional fees, including loan origination fees. Escrow accounts may also be set up to handle annual taxes, insurance, and other payments, and the fees for these accounts can vary. It’s important to consult an experienced professional to understand the various costs involved.

Hire a Residential Closings Lawyer With Years of Professional Experience

Reach out to Thomas & Webber today to schedule your confidential consultation with a Sherrills Ford residential closings attorney and learn how we can assist you. When it comes to our clients, we don’t see them as just another case number. Our attorneys understand the joys and stresses of selling a home and are here to be part of your support system. Let us handle the legal side of things so you can focus on what’s next in your life.