Word of the day
HI,
We thought we would provide another Real Estate Word of the Day. Todays word is:
Closing - The final settlement of real estate transaction between buyer and seller.
We could go on and on about this one. We'll try to keep it brief. Closing means many things to many people, but the above definition sums it all up. Many people think that when they sign the documents at the title company, that is the closing. No, that is just the signing. Closing could also be stated as the time when escrow closes. That is after the loan funds, and the deed records with the county.
As always, if you have questions about this or any other real estate matter, please give us a call.
Have a great, safe and FREE Independence Day Holiday weekend.
Adam Tarr,ePro
Sharon Kotula, ABR
Your Phoenix Area Real Estate Source
RE/MAX Excalibur
480-483-3333
info@WeAreAZRealEstate.com