When We Get to the Closing Phase, Where Does that Typically Take Place?

Clients sometimes come to me and ask where the closing is going to take place. The closing is just the signing of documents in order to effectuate a sale, so really it could take place at a number of different locations. Generally speaking, in the agreement of sale it provides for a term that the parties mutually agree upon a location.  However, if the parties do not know at the outset of the agreement, the provision will be stated as to be determined.

Once the parties agree upon a mutual place, they should provide notice to all of the parties stating the date, time and place or location. Some customary places that a closing takes place are a bank, a title company’s office, the lender’s office, a real estate broker’s office, or the attorney’s office.

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