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Adam sold our home in 42 days when others couldn't
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Real Estate Tips
Closing or Settlement >The Settlement

The final stage of a home sale transaction is the time to tie up all the loose ends. The buyer and seller will sign the settlement sheet at the closing, detailing all of the charges that each party has incurred during the sale of the house. It is crucial to go over the sheet for accuracy and to make sure that you understand everything on it before you complete the transaction.

When a contract is negotiated, each side agrees how to divide the loan fees (or points), as well as the other closing charges, such as state or local taxes or escrow fees. Your real estate agent can go over the settlement sheet and help you compare it with your purchase agreement. The seller's charges usually include the brokerage fee, the mortgage payoff, and any charges involved in clearing the title, as well as pro-rated property taxes, payments for termite treatment and escrow for repairs that could not be completed by closing. The buyer's costs include charges for the loan and title searches, insurance and any other legal fees. A good closing officer will go over the settlement sheet line by line, explaining each item and correcting any misplaced charges.

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Real Estate Trivia
Q 
What makes the structure of the Hoover Dam unusual?

A 
The Hoover Dam was built to last 2,000 years, and is constructed of concrete that will not be fully cured for another 500 years.
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Adam Hopkins, REALTOR®, real estate agent and broker for Lynchburg, Forest and Campbell County, Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Adam Hopkins
The Hopkins Real Estate Group

1149-A Vista Park Dr
Forest, VA 24551
Phone: (434) 444-7136
Email: TheHopkinsGroup@gmail.com

As the Number 1 Real Estate Expert in the Greater Lynchburg area since 2002, Adam Hopkins specializes in getting your home sold faster and for more money, through his attention to details that most agents miss, and through exclusive consumer services and programs that other companies simply do not provide. Call Adam today to see what a difference his service can make for you as you buy or sell your home!

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