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Why Sellers Choose Southern Trade Realty - Why home sellers in Gloucester, Middlesex and Mathews choose Southern Trade Realty. Free Presentation - Free in-home listings presentation on marketing your Gloucester, Middlesex and Mathews, in Gloucester,Middlesex,Matthews County Virginia property. Property Valuation - How much is your Gloucester, Middlesex and Mathews home worth? What Did That Home Sell For? - What did that Gloucester, Middlesex and Mathews, Virginia property or other real estate sell for? FSBO - Selling your Gloucester, Middlesex and Mathews real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Gloucester, Middlesex and Mathews Homes, For Home Buyers, For Home Sellers, Gloucester, Middlesex and Mathews Information, Real Estate Resources, and About Southern Trade Realty.
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Closing or Settlement >Closing Dates
The final closing date is an important item in the negotiation of the purchase agreement on a home. This is the day when the buyers get their ownership papers and the sellers get their money. It is important to remember that most standard contracts don't pinpoint a specific date, and closings can be delayed due to factors beyond the buyer's control.
The closing will usually be set as soon as the title search and lender's paperwork can be completed. However, any number of factors can interfere with the closing schedule. For example, questions can arise about liens against the property that were paid, but not properly recorded. Items in the buyers credit history may have to be cleared up. These situations rarely cause the transaction to fall apart, but they can wreak havoc with your moving schedule. Your real estate agent will keep you up to date on the progress of your closing in order to avoid delays and minimize any inconvenience.
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| Q |
What does the term ARM stand for?
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| A |
An ARM is an Adjustable Rate Mortgage, a loan where the interest rate is tied to an economic index that fluctuates with the market. |
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