The Buying and The Closing Process
By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
The Closing ProcessBuying a home or property is a process: get pre-approved for a mortgage (if it's needed), start your search, find the right property, make an offer, and it's accepted, have the inspection and appraisal (if needed), all to end with the closing or settlement process. What is the closing process (for some parts of the U.S. it's called settlement), and what's to be expected? Many buyers and sellers forget about this all too important period, so if you're contemplating buying or selling, read on for more information.What is Closing?Closing (or settlement) is the term used to describe the final stage of the real estate transaction. The agreements between the seller and buyer, and the buyer and lender (if a mortgage is needed) are finalized and 'settled.' Documents are signe...
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