Houde Real Estate

Houde Real Estate I am your one stop for buying or selling residential real estate in Metrowest. Call me to sign up for automatic email updates and property information.

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“Closing Day” Terminology You Need To Know
Closing day is an exciting time. After all, you’re moving into your new home!
However, it can be stressful as well. The last thing you need is to be confronted with something you don’t understand. So here is a quick list of common “closing day” terms:

• Disbursements. This is the allocation of funds to the appropriate
parties, such as the seller. Your lawyer will take care of this for you.
• Possession. This is the moment on closing day when you are legally able to take possession of your new home. It’s usually when your REALTOR® or lawyer hands you the keys.
• Title. This is a legal document that identifies the property and its owner.
• Closing costs. These are expenses, excluding the selling cost of the property, that are due on closing day, such as legal fees, reimbursement for pre-paid utilities, utility deposits, insurance, and taxes.
• Closing adjustments. These are expenses pre-paid by the seller that need to be reimbursed on closing.

There may be other terms you come across on closing day as well.
Don’t worry, a good REALTOR® can help make the day go smoothly for you and your family.

Looking for a good REALTOR®? Call me today. 508-735-5053

Address

Marlborough, MA
01752

Opening Hours

Monday 9am - 8pm
Tuesday 9am - 8pm
Wednesday 9am - 8pm
Thursday 9am - 8pm
Friday 9am - 8pm
Saturday 9am - 8pm
Sunday 9am - 8pm

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