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  • Closing and Signing In Honolulu Real Estate

Closing and Signing In Honolulu Real Estate

In some states closing a real estate transaction is very different from closing a sale in Hawaii.

The Purchase Contract is the governing document in a Hawaii real estate sale. Therefore, most of the negotiating occurs on the front end of the sale offer and counter offer process.

Closing happens between 8:00 and 10:00 in the morning. This is when the deed or assignment of lease is recorded at the Bureau of Conveyances. Once escrow is notified that the deed is recorded (at this time, ownership has transferred to the new owner), it releases the sale proceeds to the seller. The buyer and seller don't need to do anything on the morning of the close; the transaction will close with little effort or fanfare.

In the Signing stage, all of the closing documents are signed a minimum of 3 to 4 days before closing. The buyer and seller will meet with the escrow officer to sign and notarize all of the closing documents. The appropriate documents are then sent to the State Bureau of Conveyance for review and preparation for recording. All in all, signings should take about a half an hour and are rarely other than cursory.

Contact us for any questions about Selling or Buying Honolulu Real Estate.

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