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Entrance to the Paradise Village Grand Marina Villas, Nuevo Vallarta, Nayarit, Mexico A gated community (or walled community) is a form of residential community or housing estate containing strictly controlled entrances for pedestrians, bicycles, and automobiles, and often characterized by a closed perimeter of walls and fences.
The closing (also called the completion or settlement) is the final step in executing a real estate transaction. It is the last step in purchasing and financing a property. [ 1 ] On the closing day, ownership of the property is transferred from the seller to the buyer.
Closing day is the final step in what is often a lengthy process – also called “closing” – associated with a real estate sale. It can take a couple of months between signing a purchase ...
Unlike a transfer tax (payable to a governmental entity) a private transfer fee assessment is payable to an identified third-party, often a community association (like a homeowners' association, or "HOA"), the real estate developer, [3] and/or an environmental or charitable organization. [4]
Closing costs: Both buyers and sellers will pay closing costs of some kind — for buyers, they generally include fees related to the mortgage financing, such as loan origination, credit check ...
Closing costs/cash to close: The terms are similar, but don’t mean the same thing. Cash to close includes the closing costs and the remaining down payment, which can change (more on that below.)
A housing estate in Camden Town, London, with two blocks of flats visible A modern housing estate in Gdańsk, Poland. A housing estate (or sometimes housing complex, housing development, subdivision or community) is a group of homes and other buildings built together as a single development. The exact form may vary from country to country.
Closing is a sales term which refers to the process of making a sale. The sales sense springs from real estate, where closing is the final step of a transaction. In sales, it is used more generally to mean achievement of the desired outcome, which may be an exchange of money or acquiring a signature .