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Closing or Settlement >A Successful Closing
The closing table is where buyer and seller can celebrate the final stage of a successful home sales transaction. On this happy occasion, you sign the closing papers, trade keys, and wish one another well. It is to everyone's advantage to prepare for the closing such that all the details are worked out in advance.
As the home seller, how can you help ensure that your closing is a relaxed, cooperative event? First, enlist your real estate agent's help to ensure that all issues are resolved ahead of time. Repairs should be completed, agreements kept, the house broom-clean and ready for the new owners to move in. The atmosphere doesn't need to become adversarial, and minor upsets should not threaten the entire transaction. If you anticipate a problem, no matter how minor it may seem, be sure to communicate the situation to your real estate agent in advance, so that it can be resolved before the final closing date.
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| Q |
What is the legal term used to describe the right of the U. S. government to condemn private land for public use?
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| A |
Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property. |
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