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Closing Statement - Nevada 2025

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The document is a Closing Settlement Statement detailing the financial transactions between the seller and buyer of a property in Nevada. It includes sections for sales price, down-payment, expenses, adjustments, and balances due to/from both parties, along with certification signatures from sellers and buyers.

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Who generally prepares closing statements?

The plaintiff, having the burden of proof, usually has the right to give her closing argument first, followed by the defendants closing argument. In many jurisdictions, the plaintiff may use all of the allotted time, or the plaintiff may reserve time (e.g., ten minutes) to use after the defendants closing argument.

How do I get a loan closing statement?

Address the home loan closure letter formally to the bank or lenders branch manager. Include key details like your loan account number, final payment details, and a request for the closure letter and return of property documents.

Who prepares the closing statement?

Closing statements are prepared by closing agents, who help facilitate the sale of a property. Typically, closing agents are real estate attorneys, title companies or escrow officers. Closing statements must be issued at least three business days before closing.

What do you have to disclose when selling a house in Nevada?

The seller must complete the Sellers Real Property Disclosure form, detailing the condition of the property, known defects, and any other aspects of the property which may affect its use or value. A real estate licensee, unless he is the seller of the property, may not complete this form.

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.

Key Facts About the Closing Settlement Statement

Sales Price Information

Down-Payment Details

Expense Breakdown

Total Expenses Calculation

Balance Adjustments

Certification of Accuracy

Signature Requirements

Sales Price Information

The document includes sections for both the seller and buyer to record the sales price of the property.

Down-Payment Details

It provides fields for both parties to specify their respective down-payments, ensuring clarity on initial financial commitments.

Expense Breakdown

The form outlines various expenses associated with the transaction, such as title search, recording fees, and attorney fees.

Total Expenses Calculation

There are designated areas to calculate total expenses for both seller and buyer, which helps in understanding overall costs.

Balance Adjustments

Sections are included for adjustments related to county and city tax pro-rations, ensuring accurate financial settlements.

Certification of Accuracy

Both parties must certify that the information provided in the document is true and correct, adding a layer of accountability.

Signature Requirements

The document requires signatures from both sellers and buyers along with their Social Security numbers for verification purposes.

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