is recorded: • The buyer becomes the legal owner of the property • The seller receives net sale proceeds • Agents are paid according to the brokerage agreements • The lender’s interest is recorded • Applicable transfer taxes are collected At that point, the transaction is officially closed—and ownership has legally changed hands.
Points to Remember:
Purchasing a home is a multi-step process, and each step exists for a reason. Skipping steps, rushing decisions, or treating the process casually can lead to costly mistakes—financially and emotionally. Follow all twelve steps carefully, in order, and allow each one to do its job. Downsizing into a new home is a major life transition, not a quick transaction. Treat it with the level of thought, preparation, and attention it deserves. A methodical approach leads to better outcomes, fewer surprises, and a home that truly supports the next season of your life.
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