4 Tips For a Smooth Closing – Part II
3. MAKE SURE EVERYTHING IS IN WRITING (AND BE SPECIFIC!) Of course, this seems obvious, but you may be surprised how many details can often be left out of a contract and what problems that can create at and after closing. Remember – your lender and closing attorney have not necessarily been a party to or informed of all of the conversations or agreements between buyers and sellers that are often communicated via their realtors. For example: Renters? If there is a renter in a property you are buying/selling, the contract needs to spell out the terms of this transition. Is rent for the month of closing being prorated? How will the renter’s deposit be transferred from the seller to the…
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