Closing Residential Real Estate in Amelia Island, FL

residential real estate

The process of closing on a residential real estate property on Amelia Island or throughout the state of Florida involves several steps and parties. We’ve comprised an overview of the steps help you better understand the process.

Signing a purchase agreement

The first step in the process of closing on a residential real estate property on Amelia Island is to sign a purchase agreement. This is a legally binding contract between the buyer and seller that outlines the terms of the sale, including the purchase price, closing date, and any contingencies that must be met before the sale can proceed.

Obtaining financing

If the buyer is not paying cash for the property, they will need to obtain financing to cover the purchase price. This can be in the form of a mortgage loan from a bank or other financial institution. The buyer will need to submit a loan application and provide the lender with documentation such as proof of income, credit score, and employment history.

Home inspection

Before the sale can proceed, the buyer will typically want to have the property inspected by a professional home inspector to identify any potential issues with the property. The home inspector will assess the condition of the property and provide a report to the buyer, outlining any problems that need to be addressed.


In order to obtain financing, the lender will require an appraisal of the property to ensure that the sale price is fair and reasonable. An appraiser will visit the property and assess its value based on factors such as location, size, age, and condition.

Title search and insurance

Before the sale can be completed, the buyer’s lender will conduct a title search to ensure that the seller has clear ownership of the property and that there are no outstanding liens or legal issues that need to be addressed. The lender will also require the buyer to purchase title insurance to protect against any potential title defects that may arise after the sale is completed.


The closing is the final step in the process of purchasing a residential real estate property on Amelia Island. It is at this point that the buyer and seller sign the necessary documents and transfer ownership of the property. The closing typically takes place at a title company or attorney’s office on Amelia Island, and both the buyer and seller (or their representatives) must be present.


Parties involved in the closing process

There are several parties involved in the closing process, including:

Buyer: The person or entity purchasing the property.

Seller: The person or entity selling the property.

Real estate agent: The real estate agent represents the buyer or seller (or both) in the transaction and assists with the negotiation and execution of the purchase agreement.

Mortgage lender: If the buyer is obtaining financing for the purchase, they will work with a mortgage lender to secure a loan.

Home inspector: A professional home inspector is hired by the buyer to assess the condition of the property and identify any potential issues.

Appraiser: An appraiser is hired by the lender to assess the value of the property to ensure that the sale price is fair and reasonable.

Title company or attorney: The closing takes place at a title company or attorney’s office, and they are responsible for preparing and reviewing the necessary documents, as well as conducting the title search and coordinating the transfer of ownership.

Closing agent: The closing agent is responsible for overseeing the closing process and ensuring that all of the necessary documents are signed and all parties are in agreement.


We hope this overview has been helpful. Montague Law is here to answer questions and assist you in your home purchase in the beautiful state of Florida.

Legal Disclaimer

The information provided in this article is for general informational purposes only and should not be construed as legal or tax advice. The content presented is not intended to be a substitute for professional legal, tax, or financial advice, nor should it be relied upon as such. Readers are encouraged to consult with their own attorney, CPA, and tax advisors to obtain specific guidance and advice tailored to their individual circumstances. No responsibility is assumed for any inaccuracies or errors in the information contained herein, and John Montague and Montague Law expressly disclaim any liability for any actions taken or not taken based on the information provided in this article.

Contact Info

Address: 5422 First Coast Highway
Suite #125
Amelia Island, FL 32034

Phone: 904-234-5653

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