A real estate closing is the final step in the real estate buying and selling process. Upon closing, the property ownership is formally transferred from the seller to the buyer, after which the buyer is free to start their move-in or renovation process. Your agent, lender, and title agency will work together to complete their end of the deal. Many formalities, such as opening an escrow account, negotiating closing costs, scheduling a property inspection, and making sure that all the local property regulations have been complied with, will have to take place in the time leading up to the closing so that on the closing date all the paperwork is in order.
Working with a competent real estate attorney will ensure that the process is smooth, and all parties are able to complete the deal on a scheduled date. Attorneys at Demidchik Law Firm will be happy to guide you through your real estate closing!
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