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What is a Closing?

A real estate closing is the final step in a property sale. It's the moment ownership of the property transfers from the seller to the buyer.


Key things that happen during a closing:

  • Signing documents: Both the buyer and seller sign numerous legal documents, including the deed, mortgage, and closing disclosures

  • Transfer of funds: The buyer pays the remaining balance of the purchase price, often through a lender

  • Title transfer: The property title is officially transferred to the buyer.

  • Distribution of funds: The seller receives the proceeds from the sale, minus any outstanding debts or closing costs.


Would you like to learn more about Real Estate? Have you ever wanted to become a New Jersey Real Estate Salesperson License holder? Want to know more about being a New Jersey Licensed Real Estate Agent? Click on the link for the schedule of our upcoming classes for Real Estate: tocrres.com




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Jack Willow
Jack Willow
8月14日

Closing in real estate is final step in selling a new properties and transfer to other owner name.


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