What is the house closing process?
How does a Georgia real estate closing work?
A closing is also referred to as a settlement or escrow. It is basically the exchange of money (purchase price) for title to the property (deed).
The first step in a closing is agreeing on the terms. This is done in writing and signed by all parties. Property is bought and sold with a purchase and sale agreement or real estate contract. This is usually prepared by a real estate agent or broker. It can also be prepared by a lawyer, buyer or seller.
After the agreement is written and signed — then the attorney, title and closing process starts.
Below is our five step Georgia closing process:
We need a copy of the purchase contract to start your title work. If you need a purchase contract, an attorney can prepare one. Contact us today for a closing cost estimate.