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: Bill of Sale BILL OF SALE – a written instrument given to pass tile of personal property from a seller to a buyer (Barron’s Dictionary of Real Estate Terms) Common items on a bill of sale are: Kitchen appliances if included such as: refrigerator, dishwasher, stove/oven, microwave, cooktop Washer … More Real Estate Term of the Day: Bill of Sale