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Real Estate
Closing
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In the state of North Carolina, the "closing agent" is an attorney, which is usually chosen by the Buyer. Typically in a real estate transaction a Buyer offers to purchase property from a Seller. A "closing" is the final step in the transaction. At closing, the Buyer pays the purchase price to the Seller. The Seller gives the Buyer the deed transferring title to the property to the Buyer. The closing attorney also pays funds to any service providers, banks or any others who may have a claim to the property. You may review or print the Real Estate Closings brochure. This brochure focuses on frequently asked questions about residential real estate closing. These questions are posed from the buyer's standpoint; however they can be a useful tool for the Seller as well. These are typical practices used in the Lake Norman NC real estate market as well. |
