Residential Closings

Earnest money is a deposit made that represents a buyer’s good faith intent to buy a property.

If Nelson & Galbreath, LLC will be facilitating the closing, we will gladly act as the escrow agent as well which means we will deposit and hold the earnest money in escrow until the time of closing.

Yes, if your spouse is (or will be) on the title. Anyone who is an owner of the property should attend closing.

Signing the closing documents takes approximately 30 minutes. If your lender has documents they must review prior to funding your loan, the processing time could take 10-15 minutes longer depending on the lender.

Buyers:

• Drivers license or another form of photo identification
• Funds to close
• “Government-issued” photo identification
• Everyone who will be on the title to the property

Sellers:

• Drivers license or another form of photo identification
• Keys and remotes to be passed on to the buyer
• Funds to close if applicable

The lender will provide the total amount to bring to closing if you’re financing the purchase.

If you’re not using a lender, Nelson & Galbreath will provide the total amount to bring to closing on the day prior to your closing.

Not required – you may bring the funds with you to your closing.

In South Carolina: Please bring a certified check payable to Nelson & Galbreath, LLC.

In Georgia: Funds $5,000.00 or greater must be wired no later than the day of the closing. Please bring a certified check payable to Nelson & Galbreath, LLC for amounts less than $5,000.00.

The recorded deed should be delivered to you via USPS approximately 1-2 weeks after the closing.

Temporary login credentials will be emailed to you within a day of closing. You may use this information to log in, set a permanent password, and view your closing documents. If you have difficulty or cannot locate the initial email, please call our office at 864.232.3766 and our team will resend the welcome email to you.

We recommend contacting all utilities prior to the day of closing to ensure the utilities are turned on and accessible.

A title search is an examination of public documents that affect the property. These records could include deeds, mortgages, court and tax records, along with other documents.

The purpose of a title search is to ensure the seller has the right to sell the property and to discover any claims to the property.

Title insurance is a policy that protects the buyer if any problems result in a claim against their ownership of the property.

It also covers legal costs to defend your title in the event that a neighbor or other party makes a claim.  Even if ultimately there is no problem with your title, the necessary legal defense costs will typically far exceed the one-time premium paid at closing.

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The title insurance coverage is valid for as long as the policyholder has an interest in the property. It does not need to be renewed.

Lender’s title insurance is paid for by the borrower and protects the lender in the event that the property (which serves as the lender’s collateral) is involved in a title claim.  Lenders require title insurance in practically every transaction where a loan is involved.