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The 9 Essential Steps of a Real Estate Closing Process

Movoto

A real estate closing is the final stretch of a real estate transaction, during which several tasks prepare the property for transfer. Throughout this time, several inspections are performed to check everything from the physical condition of the home to the underlying financial and legal health of the property.

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Say What? Home-Buying Lingo You Should Know

Zillow

Tax lien : The government's legal claim against property when the homeowner neglects or fails to pay a tax debt. Walkthrough : A buyer's final inspection of a home before closing. The owner's bank must approve a lower listing price before the home can be sold. Stamps can also serve as proof of transfer tax payment.