When an individual makes the decision to purchase a house, they will have to attend a closing meeting before the house is officially under their ownership. On closing day, any people aren’t entirely sure what to expect other than they have to sign a lot of documents, which is completely true. Before the closing meeting can occur, the individuals will have to conduct a final walkthrough of the house to make sure it is in the condition that the buyer expects it to be in.
After that has been conducted, which can take place a few days beforehand, the buyer will have to attend a meeting with the attorney to close on the house. In a lot of cases, the seller can sign documents before and therefore, they don’t actually need to attend the closing meeting. At the meeting, the attorney should explain each document to the buyer to make sure they understand what they are agreeing to. If an individual is purchasing a house with another party who cannot be at the closing meeting, they should be sure to obtain a special power of attorney prior to the closing meeting.
If you have questions about real estate in New Jersey, contact our firm today.
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