Selling
What happens at closing as a seller?
As a seller, closing is where you sign documents transferring ownership, your mortgage is paid off, and you receive your net proceeds — usually via wire transfer.
Closing day is the finish line. As a seller, it's mostly signing — and then receiving your money. Here's how it works in Texas.
Before closing day
- The title company sends you a settlement statement (ALTA/HUD-1) in advance — review it with your agent for accuracy
- You'll confirm wire instructions for your proceeds (never change wire instructions based on an email — call the title company directly to verify)
- The buyer does a final walkthrough, usually the day before or morning of closing
At the closing table
- You sign the deed, transferring ownership to the buyer
- You sign payoff authorization for your existing mortgage(s)
- You review and sign the settlement statement, confirming all debits and credits
- In Texas, sellers often sign separately from buyers — sometimes at different times or locations
When do you get paid?
In Texas, proceeds are disbursed after the deed is recorded with the county — which typically happens the same day as closing, but occasionally the next business day. Net proceeds are wired to your bank account. Plan for funds to hit within 24 hours of closing, though same-day is common.
What comes out of proceeds
- Your mortgage payoff balance
- Agent commissions per the listing agreement
- Title insurance and title company fees
- Prorated property taxes through closing date
- Any agreed-upon buyer concessions or repair credits
I walk every seller through the settlement statement before closing — no surprises at the table.
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