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Real Estate Term of the Day: Closing Costs & Closing Statement CLOSING COSTS – various fees and expenses payable by the seller and buyer at the time of a real estate closing (Barron’s Dictionary of Real Estate Terms) CLOSING STATEMENT – an accounting of funds from a real estate sale, made to both the seller … More Real Estate Term of the Day: Closing Costs & Closing Statement
Real Estate Term of the Day: Closing, Closing Agent & Closing Date CLOSING – the act of transferring ownership of a property from seller to buyer in accordance with a sales contract. The time when a closing takes place (Barron’s Dictionary of Real Estate Terms) CLOSING AGENT – a third party (agent the works for a … More Real Estate Term of the Day: Closing, Closing Agent & Closing Date
Real Estate Term of the Day: Certificate of Occupancy CERTIFICATE OF OCCUPANCY (C/O) – a document issued but a local government to a developer permitting the structure to be occupied by members of the public. Issuance of the certificate generally indicates that the building is in compliance with public health and building codes (Barron’s Dictionary … More Real Estate Term of the Day: Certificate of Occupancy
LESLIE MONACO REAL ESTATE 