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Watch this video to get a quick idea of the seller’s side of closing. Also known as “settlement” and “escrow” the closing is a meeting where property, money, title and liens are exchanged between all the parties involved.
The closing agent typically conducts the meeting. They’ll review the sales agreement to determine payments and credits due from both sides, and ensure that transaction costs like title and taxes are paid.
And you shake hands and hand over the keys to their new home.