Property owners and buyers sign a legally binding Purchase and Sales Agreement, specifying the sale price, conditions, and closing date. This agreement forms the basis of the transaction.
Sellers receive a Sellers' Package from their attorney, which typically includes necessary paperwork and instructions. The attorney also conducts a title search to ensure there are no legal issues with the property's ownership.
Buyers, represented by Never Lost Properties, have a designated period to inspect the property thoroughly. This allows them to assess its condition, suitability for their needs, and uncover any undisclosed issues.
The closing date is determined through collaboration between both parties and their attorneys. It's the day when all legal and financial aspects of the sale are finalized, marking the near-end of the transaction.
On the closing date, Never Lost Properties transfers the purchase funds to the attorney's office, which holds them securely. The seller and their attorney complete necessary closing documents, and once everything is in order, ownership is officially transferred to the buyer, and the seller receives the proceeds from the sale.
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