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Columbus & Central Ohio, United States
DeLena Ciamacco is a well-known, respected Top Producing Realtor in Central Ohio. Her myriad of accomplishments, recognition, and professional credentials as they relate to Real Estate, make her a perfect individual to provide insight to the masses on all aspects of Real Estate sales. Her creativity and honest approach to marketing Real Estate has enabled her to succeed in her career. DeLena’s philosophy is “An educated and well prepared Buyer or Seller is a smart Buyer or Seller”. Her desire is to inform the public, by pulling from her 20+ years of Real Estate sales & Marketing, what is necessary to get to a successful closing in these challenging times.

Friday, November 13, 2015

What Happens at Closing? Ask the Expert!





Q:       When I find the home I want, how much should I offer?
A: Your real estate broker can help you here. But there are several things you should consider: 1) is the asking price in line with prices of similar homes in the area? 2) Is the home in good condition or will you have to spend a substantial amount of money making it the way you want it? We always recommend you get a professional home inspection. Your real estate broker can help you arrange one. 3) How long has the home been on the market? If it’s been for sale for a while, the seller may be more eager to accept a lower offer. 4) How much mortgage will be required? Make sure you really can afford whatever offer you make. 5) How much do you really want the home? The closer you are to the asking price, the more likely your offer will be accepted. In some cases, you may even want to offer more than the asking price, if you know you are competing with others for the house, or asking the seller to contribute a portion of your closing costs.

Q:       What if my offer is rejected?
A: They often are! But don’t let that stop you. Now you begin negotiating. Your broker will help you. You may have to offer more money, but you may ask the seller to cover some or all of your closing costs or to make repairs that wouldn’t normally be expected. Often, negotiations on a price go back and forth several times before a deal is made. Just remember - don’t get so caught up in negotiations that you lose sight of what you really want and can afford!

Q:       What will happen at closing?
A: Basically, you’ll sit at a table with your broker, the broker for the seller, probably the seller, and a closing agent. The closing agent will have a stack of papers for you and the seller to sign. While he or she will give you a basic explanation of each paper, you may want to take the time to read each one and/or consult with your agent to make sure you know exactly what you’re signing. The closing table is not the best place to do this. If you feel you want to read each paper, request to view them before you go to closing. Title companies usually schedule closings each hour. After all, this is a large amount of money you’re committing to pay for a lot of years! Before you go to closing, your lender is required to give you a booklet explaining the closing costs, a “good faith estimate” of how much cash you’ll have to supply at closing, and a list of documents you’ll need at closing. If you don’t get those items, be sure to call your lender BEFORE you go to closing. Don’t hesitate to ask questions.

DeLena Ciamacco’s Credentials
“Top 100 Realtors In The World For Over 20 Years”*
“#1 In The State Of Ohio For Over 18 Years”
“#1 In Central Ohio 1994-2015 (ytd)”*
“#1 Closed Dollar Volume 1994-2015 (ytd)”*
*Among all Re/Max Team Leaders Worldwide

DeLena Ciamacco is Member Of:
Columbus Board of Realtors National Association of Realtors
Ohio Association of Realtors   Builder Industry Association (BIA)

“I proudly specialize in Residential, Commercial, Land, and Investment Real Estate Sales. I service Franklin and all surrounding counties. I am available for any and all of your Real Estate needs!”
(614) 882-6725 • www.delena.com • delena@delena.com


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