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"Closing" refers to the
meeting where ownership of the property is legally transferred to the buyer.
Your real estate agent will be present during the closing to help explain the
process and forms to you and make sure everything goes as planned. By being
present during the closing, he or she can mediate any last minute issues that
may arise.
As the seller, you will
need to be prepared to give over any necessary documentation regarding the property
and, depending on the arrangements made during negotiations, you may be required
to have done something specific in order to close.
Be sure to read all the
documents and ask any questions you may have. It is important that you understand
every document you are signing.
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