If you are planning to sell your home, one of the things that you might be focusing on is the amount of money that you can expect out of the sale, often forgetting to enter the closing costs in the picture. A number of reasons can be behind this. For one, the closing costs typically come toward the end of the sale, and most of the time, it is not clear what exactly it is that you are paying for.
Closing – What is It?
Closing refers to the phase within the process of selling a home when both money and selling documents have been transferred so as to transfer the property ownership to the buyer. When the closing is successful, both the buyer and the seller agree and fulfill all the agreements stipulated in the contract. The seller will have to pay…
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