Published: 26 Jul 2022 › Updated: 26 Jul 2022
LeoGlossary: Closing
A meeting where a real estate transaction is completed. Both buyer and seller agree on a date. At that time, all contracts are signed, the down payment made, and closing costs paid.
The date is set to give the buyer enough time to get the mortgage in order and all fund transfers relating to that done.
General:
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