Denise Baker Stewart
(919) 795-1608

Each Office is Independently
Owned and Operated

My Listings
Search For Homes
Open Houses
Buyers & Sellers
Market Analysis
Dream Home Finder
Buyer/Seller Info
Local Area
Community Info/Links
Local Phone Numbers
Weather Report
Contact Denise
Company Website
Guest Book
About Me
Tools & Links
Mortgage Calculator
Mortgage Rates
Real Estate News

Equal Housing Opportunity

MLS membership

REALTOR® certification

Yahoo® Real Estate Classifieds

QSC - Quality Service Certified


Buyer/Seller Info


The final step before you get the keys to your home is a formal meeting called the closing. It is at this meeting in which ownership of the home is transferred from the seller to the buyer.

Also called a settlement in some parts of the country, the meeting is typically attended by the buyer(s), the seller(s), their attorneys if they have them, both real estate sales professionals, a representative of the lender, and the closing agent. The purpose is to make sure the property is physically and legally ready to be transferred to you.

Several closing costs will be paid at this meeting. These expenses are over and above the price of the property and are incurred when ownership of a property is transferred. Closing costs generally include a loan origination fee, an attorney's fee, taxes, an amount placed in escrow, and charges for obtaining title insurance, and a survey. Closing costs vary according to the area of the country.


[ Back To Real Estate Glossary ]