A real estate closing is an essential part of the process of buying or selling any building or undeveloped lot, and typically it is more of a formality than anything else. Despite this, however, there is always the chance of something going awry at the last minute, even with extensive negotiation and preparation. But what exactly is involved in a real estate closing, and how might things go wrong when it happens?
real estate closing
Should You Have a Real Estate Lawyer Represent You at Closing?
If all goes well, you should have your real estate deal done by the time you are ready to close the transaction. Because of that, some people believe there is not much point in having a lawyer with you at a real estate closing, and may consider trying to handle it all themselves. However, if you do that, you can put yourself at a serious risk of potential legal difficulties, which may emerge at the last minute.
Five Ways a Real Estate Closing Can Go Wrong
Most people tend to think that by the time you reach the closing on a real estate deal, everything that is left is a formality. However, there is always the risk that something may go awry at the last minute, which you may need a lawyer to help you sort out. Here are five ways a real estate closing might go wrong:
