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23 Procedures For Buying A New Home : #23
                                       
Closing the real estate transaction is the last stage of the homebuying process.
When the closing date arrives, all parties come together to complete the details necessary to finalize the articles of the purchase contract between the buyer and the seller. and the ownership of the propert is handed over to the new owner, the buyer.
Here's what happens during the closing:
The buyer hands a check for the balance owed on the purchase price over to the seller. The seller signs the deed on the property over to the buyer, and gives him the keys to the house. A title company, lawyer registers the new deed with the local registers office. The seller receives a cheque for the proceeds of the sale, less closing costs and mortgage balance disbursement. Everybody gets a hug.... And that's the end of the story.... -David-
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