Selling or purchasing real estate property can be one of the most significant transactions in your life. The information below is a general guide to the basic steps in a residential real estate transaction. Complex issues may arise during a sale, so you should retain an experienced real estate attorney to represent you.
Home is where the heart is. This is a sentiment that almost every person is familiar with. A home is where a person can begin their life either as a form of independence or with a family. A home is a person’s own form of personal expression when it comes to decorating and styling. But most importantly, a home is where a person goes to feel safe and secure when it seems like the world is caving in.
A “closing” in legal lingo is the final step in a real estate transaction. A real estate closing is when the purchaser obtains title to the property, evidenced by a deed from the seller to the purchaser or stock in a cooperative apartment. Simultaneously, the seller obtains the net proceeds from the sale.