I am Relocating: How are Real Estate Transactions handled in Boston?

Of course the first step is to have one of our experienced Boston Realtors help you find the property of your dreams. Once you find the property, then you make your legal offer and before you know it,your will be at closing. In Massachusetts, thus in Boston, the sale of all property is handled by real estate attorneys. Your Boston Luxe Realtor can refer you to an experienced firm.

closingAt closing the buyers and sellers, their attorneys and agents as well as the lender’s attorney are all present. At this time, the funds deposited are usually handled by the listing broker or the seller’s attorney and are held in an “escrow” account. Sometimes the buyer’s broker or buyer’s attorney may hold the deposit. These deposits are accounted for at closing and the buyers receive  credit on the closing settlement statement.

 

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