Round-table. Rectangular table... usually the closing table is more of an oblong or oval shaped table, that way if there are extra people at the closing you can kind of wedge 'em in where they fit, on the buyers side or the sellers side.
Usually... not always but usually in Central Ohio we all sit around that table, no matter what the shape. The buyers, sellers, real estate agents, attorneys, title company representatives... sometimes a lender or two... sit around a table while the closing documents are signed by buyer and seller.
Different parts of the country, different kinds of closing. With relocation to Central Ohio people from all over who are used to different kinds of closings... Real Living's information on Closing and Moving in for buyers* has to be vague... Real Living is in many different real estate markets. Real Living says:
"Depending on the city in which your new home is located, your closing may or may not include the presence of the seller. In some areas, all parties come together in what is called a round-table closing. In other areas, buyers and sellers complete the process through individual appointments. Your Real Living agent can tell you which experience to expect at your closing."
Real Living HER is Real Living in Central Ohio... we do a round-table closing. Sometimes buyer and seller can not be together for the closing... but usually this is how we do it in Central Ohio.
When I read nightmares about closings in other parts of the country... I always think thank goodness we do it round the table. Yes I am sure a con-artist could play the part at a closing... we've had plenty of mortgage fraud in Central Ohio... Florida Nightmare... explaining a post from the day before about the closing notary running off with closing documents.
You hear the stories about the closing that did not happen everywhere because he brought the girl friend to closing rather than the wife... ooops.
Once long ago I went to a round bed closing... no the bed was shaped normally. It was in a hospital room. Maybe someday I will tell you about it.
More about closing and title on my website MaureenMcCabe.com - Title and Closing
Image Credit - The round table image is from tracyhunter's Flickr stream. The image is used to represent a "round" table... there are no knives, forks or stemware at the typical real estate closing in Central Ohio. The photo is licensed with a Creative Commons License tracyhunter allowed commercial use of this photo.
Edit January 2011 - I apologize to anyone using an RSS for this appearing. Old links forwarded to Real Living HER rather than me had to be fixed. Why "http://www.realliving.com/Agent/AgentProfile.aspx?id=2030 " would not forward to me? We are still sitting round a table a year later... closings did not change drastically in 2010...
This post provided by Maureen McCabe HER Realtors*
Contact Maureen McCabe of HER Realtors* - 614.388.8249
email: MaureenatMaureenMcCabe.com at = @
*Real Living HER
Information is deemed to be accurate but should be verified to your satisfaction. Information provided herein is supplied by several sources and is subject to change without notice. Opinions expressed are solely those of Maureen McCabe.