The correct amount the closing must withhold from the seller proceeds to $0.00
As a property seller, the closing is a significant day for you. You will receive payment for the property, transfer ownership to the buyer, pay off any mortgages you took out in full, cover additional closing costs, cover real estate agent commissions, and get your sales proceeds.
It is especially crucial that your closing go smoothly if using the proceeds to buy a new home on the same day or soon after. This article will assist you in determining what to anticipate and how to avoid problems.
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