Perfecting the Art of Closing
Coastal Land Title focuses on providing superior residential and commercial real estate closing services. You will enjoy working with our experienced staff who understand how important each transaction is to everyone involved.
Each member of our team possesses a superior work ethic and the dedication necessary to get every transaction closed, even if it means staying late and taking calls after hours or on the weekends. We understand that complex problems may arise and our attorneys are equipped to handle them professionally and promptly.
The Closing Process
What to Bring to Closing
Bring to closing a government issued picture ID (driver’s license or passport).
SELLER INFORMATION FORM
Fill out the Seller Information Form. It is critical that you return this to us as soon as possible. Delaying return of the needed information could result in additional fees from your lender and/or Homeowner’s Association for rush requests.
FUNDS FROM CLOSING
There is a section on the Seller Information Form for you to complete if you would like your funds wired.
FUNDS TO CLOSE
In the event that the seller must bring money to close, any funds must be in the form of certified funds (certified check, cashier’s check or money order), and any amount over $5,000 must be wired. Please note that we cannot accept ACH or Electronic transfers – it must be sent in the form of a wire, and almost all banks require that you go to the branch in person to request and initiate a wire.
If the seller is unable to attend closing, we can prepare a Power of Attorney (POA). Please let us know as soon as possible if a POA is required as we will need to get it drafted and executed in advance of closing. We will provide you with the POA and specific execution instructions.
SELLERS WHO ARE NOT FLORIDA RESIDENTS
If the Seller is not a Florida resident, the Seller may be subject to withholding tax. The Seller is required to fill out certain forms for tax purposes. Please notify our office and we will provide these forms to you. Please note that our office cannot assist you in filling out these forms as these forms require tax information/expertise. We recommend that you consult with your accountant when filling out these forms.
SELLERS WHO ARE NOT U.S. CITIZENS
If the Seller is not a US citizen or entity, the Seller may be subject to U.S. withholding tax. Please contact us for the necessary forms.
If you cannot attend closing, we can arrange to send the closing documents to you to sign remotely. Please contact our office for details and fees associated with this option.
CORPORATE ENTITIES / TRUST
Please see our “CORPORATE ENTITY / TRUST” attachment if you are selling property out of a Trust, Corporation, LLC, LP, etc. (anything other than your individual name).