Real Estate
Real Estate Closing Procedure
Closing the deal’ is the final part of a real estate transaction. It entails the settlement and transfer of both the money and the real estate title, respectively. It is probably the most crucial part of the venture since this is where both parties get what they want. This article briefly explains the procedure behind a typical real estate closing. What are the Steps in a Real Estate Closing? While the steps in a real estate closing may vary between different states, it still generally follows a basic structure. First, the seller and they buyer meet together with their respective [...]
Details on Real Estate Closing Costs
Like in any business deal, closing a real estate deal comes with a few extra costs on top of the price for the property itself. It would do you well to familiarize yourselves with these fees so that you do not get blindsided once you close that deal. Real Estate Closing Fees The very moment you take out a mortgage loan, you will be slapped with an origination and underwriting fee. This is to cover the cost processing your loans and researching your eligibility to take on one. Applying for a loan usually comes with a credit report, so you [...]