What is a real estate closing?

A real estate closing is the final step in the process of buying or selling a home in Virginia. This process is overseen by real estate attorneys, who handle the paperwork and ensure that all the legal requirements are met. At the closing, the buyer and seller sign the necessary paperwork, such as the deed, mortgage, and closing documents. The buyer then pays the seller for the property, usually with a combination of a loan and cash. After the closing, the deed is transferred to the new owner. The closing process also includes the payment of closing costs, such as title fees, taxes, and other charges. After the closing is complete, the new homeowners can move into their new home.

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What is a real estate closing?

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