Get Georgia Closing Statement
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How to fill out the Georgia Closing Statement online
Completing the Georgia Closing Statement is an important part of finalizing a real estate transaction. This guide will provide you with clear, step-by-step instructions to help you fill out the form accurately and efficiently online.
Follow the steps to complete the Georgia Closing Statement.
- Click 'Get Form' button to obtain the form and open it in the editor.
- Begin by filling in the seller's and buyer's names in the designated fields at the top of the form. Ensure each party’s information is accurately entered.
- In the Property Address section, provide the complete address of the property involved in the transaction, including the city, state (Georgia), and zip code.
- Under the Seller(s) Column, enter the Sales Price in field 1a, followed by the corresponding Sales Price for the Buyer(s) in field 1b.
- Complete the Down-payment amounts in fields 2a and 2b for seller and buyer respectively.
- Fill in the Balance for both the Seller(s) and Buyer(s) in fields 3a and 3b.
- Proceed to enter various Expenses in fields 4a for the Seller(s) and 4b for the Buyer(s). This includes costs such as title search, recording fees, title insurance, attorney fees, notary fees, and survey costs.
- Calculate and enter the Total Expenses in fields 20a and 20b corresponding to the Seller(s) and Buyer(s).
- In fields 21a and 21b, calculate the Balance Less Expenses for the Seller(s) and the Balance plus Expenses for the Buyer(s).
- Complete the adjustments section by entering the values in fields 22a-29a for Seller(s) and 22b-29b for Buyer(s), including tax pro-ration and any other adjustments.
- Enter the Total Adjustments for both Seller(s) and Buyer(s) in fields 30a and 30b.
- Finally, fill in the Balance Due to Seller in field 31a and the Balance Due from Buyer in field 31b.
- Complete the Total Due to/from Seller(s) in field 32a and Total Due From/to Buyer in field 32b.
- At the end of the document, both parties must certify that the contents are true and correct by signing and providing their Social Security Numbers.
- Once completed, save changes to the form. You can then download, print, or share the finalized document as needed.
Take the first step in your real estate process by completing your Georgia Closing Statement online today.
In Georgia, the seller is generally required to be present at the closing, as their signature is necessary on legal documents to transfer property ownership. However, it is sometimes possible to sign in advance or for a representative to sign on the seller's behalf with the appropriate power of attorney. This flexibility can help facilitate smoother transactions. Your Georgia Closing Statement will reflect these agreements, so stay connected with your closing attorney.