Potomac Settlement Services
7250 Heritage Village Plaza
Gainesville, VA 20155
Tel: (703) 257-1884
Fax: (571) 248-4436
206 S. Cameron Street
Winchester, VA 22601
4311 Ridgewood Center Drive
Woodbridge, VA 22192
Providing real estate settlement services and title insurance throughout Maryland and Northern Virginia, including Gainesville, Haymarket, Woodbridge, Manassas, Fairfax, as well as Warrenton and Winchester, VA.
Settlement Services for Sellers
PSS would like to congratulate you on the sale of your property. With so much to do to get ready for the transition into a new residence or tying up loose ends at old rental property, it is easy to forget something you meant to do.
Below is a list of reminders to keep you from being surprised at the closing table:
Please be sure you have a valid, government issued photo ID with you when you come to closing. Many of the documents you will be signing must be notarized. A notary cannot do this unless they personally know you or they have seen proper identification proving who you are. A state issued driverís license, military ID, or passport are the most common forms of acceptable identification.
Home Inspection/Repair Items
If your purchaser or buyer had a home inspection done and the inspector set out certain items that you agreed to fix or if you had other repairs made preparing the property for sale, please bring the receipts and paid invoices to closing. We will be asking you to certify that all contractors not being paid at closing have been paid and that there are no outstanding bills for work done on the property. If payments to contractors are to be handled through closing, make sure to provide copies of invoices prior to closing.
Power of Attorney
In todayís busy world, conflicts often arise that might prevent you from attending the closing. If this happens, please contact us immediately. We will try to get as much of the paperwork that you need to sign to you prior to closing. Additionally, you can appoint someone to sign the remaining papers for you. Our office will need to see any Power of Attorney you plan to use well before closing so that if there are any problems we can get them resolved. We will work with you to avoid any delay in closing due to scheduling constraints. Original Power of Attorney must be provided at settlement in order to execute documents.
All loans that you have secured against the property will need to be paid off at closing or otherwise released at or before closing. Most mortgages are paid off through the closing process. Any open credit lines secured against the property will be paid off through the closing. Your real estate agent or broker should provide us with the loan numbers and lender contact information so we can obtain accurate payoff figures prior to closing. Some lenders require sellers to sign an authorization to release loan information and to close the account.