The purchase or sale of a home is a complex process that involves many steps. The following is a general overview of the typical steps involved in a real estate closing.
1. The buyer and seller agree to the terms of the sale.
2. The buyer hires a real estate agent.
3. The buyer and seller negotiate the price and terms of the sale.
4. The buyer and seller sign a purchase and sale agreement.
5. The buyer hires a title company.
6. The buyer and seller exchange funds.
7. The title company conducts a title search.
8. The title company prepares the closing documents.
9. The buyer and seller sign the closing documents.
10. The buyer takes possession of the property.
The attorney's role in purchasing property is to protect the buyer's interests. The attorney will review the purchase agreement, title documents, and other relevant paperwork to make sure that the buyer is getting what they expect. The attorney can also negotiate on the buyer's behalf to get the best terms possible.
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