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Closing Statement - Mississippi

Closing Statement - Mississippi 2025

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The document is a Closing Settlement Statement for a real estate transaction in Mississippi, detailing the financial aspects between the seller and buyer. It includes sections for sales price, down-payment, expenses (such as title search, recording fees, and attorney fees), adjustments for taxes, and final balances due to/from each party. The document requires signatures from both sellers and buyers to certify its accuracy.

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What is a typical closing statement?

The closing statement should include basic information about the property, such as the address, when it was built, and the type of structure (i.e., single-family home, multifamily home, manufactured home, etc.). Financial information. Shows the homes purchase price, deposits paid by the buyer, and seller credits.

What closing costs do sellers pay in Mississippi?

On average, youll pay about $3,900 for a $133,000 home, $7,800 for a $267,000 home, and $13,000 for a $445,000 home. Typical seller closing costs in Mississippi include the title and closing service fees, owners title insurance policy, real estate transfer tax, and recording fees.

How long does it take to close on a house in Mississippi?

Generally speaking, however, the closing process in the state of Mississippi can take between 30 and 45 days from the time the purchase agreement is signed to the closing date. It is important to recognize that situations may come about that cause closings to take longer.

What is the fastest you can close on a house?

A cash deal might close in as few as two weeks because you can skip the lengthy mortgage and appraisal process. Closing day when you sign your final paperwork and buy the home usually takes one to two hours if everything goes smoothly.

When should I receive my closing statement?

Preparing and receiving the closing statement Closing statements must be issued at least three business days before closing. This deadline allows all parties time to review the form and ensure that the information it contains is accurate not just for the sums involved and agreed-upon, but also who pays for what.

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