Closing Guide


STEP 1 – Buyer Chooses Home & Pays Earnest Money
Submit the Deposit Transmittal and Verification Form to SETCO so we can deposit the earnest money.

STEP 2 – Price and Closing Costs Negotiated
Don’t forget Closing Costs when negotiating your deal. Find out who pays what with our Closing Cost Explanation and estimate your costs with our Cost Calculators. For costs on the go, download our iPhone App.

STEP 3 – Contract is Signed and Submitted to SETCO
When we get your contract, we’ll set up a Paperless Closer Account for you so you can monitor your closing as it happens. Find out what to submit with your contract.

Closing Process

STEP 1 – SETCO Orders Title Work
SETCO ensures Property Title is Clear via Title Insurance.

STEP 2 – SETCO Fulfills Lender’s Requirements
Before they’ll give a buyer a loan, lenders require different things, such as a Termite Inspection, Appraisal, or Survey. SETCO monitors these requirements to make sure they are fulfilled properly and in a timely manner. We’ll even schedule inspections and surveys for you!

STEP 3 – Paperwork is Finalized and Signed
SETCO also collects HOA information and calculates Property Tax Prorations for the closing. We’ll prepare all the documents needed for closing. You can view each step of the process via Paperless Closer and see changes on your HUD as they happen! The property changes ownership on the day of closing. Find out Who Should Come to Closing and What to Bring to the Closing Table.


STEP 1- Buyers Enjoy New Home
Though the buyers enjoy their new home on the day of closing, the process is not over yet.

STEP 2 – Deed is Recorded and Payments Disbursed
SETCO works with the appropriate county to record the change in ownership on the deed in public records. Then, we send out the proper payments to those involved in the process such as Realtors and Inspectors.

STEP 3 – Post Closing Documents Sent
You should receive your Post-closing Documents and Policy within 45 days. You can always view your documents on Paperless Closer. Just change the status to show “All.” What will I Receive After Closing?