From NAR
Once a purchase agreement is signed, several steps remain before closing. While processes vary by state, key stages include:
- Escrow Period – Funds and documents are held by a neutral third party until closing.
- Title Search – Ensures the property is free of legal claims.
- Home Inspection – Assesses the property's condition.
- Appraisal – Determines the home's market value.
- Final Walkthrough – Confirms the property's condition before closing.
- Closing Day – Sign documents, pay closing costs, and receive keys.
Consulting with a REALTOR® and legal professionals can help navigate this process smoothly and avoid surprises along the way.
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