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Closings
A real estate closing is the final step in a real estate transaction during which ownership of the property is transferred from the seller to the buyer.
Closings in the BVI typically take place at an attorney's or bank’s office and involves the exchange of funds and legal documents necessary to complete the sale. The closing is an important legal event in a real estate transaction, as it finalizes the transfer of ownership and ensures that both the buyer and seller fulfill their legal obligations under the sales contract. It is essential to ensure that all necessary documents are properly prepared and executed in order to protect the rights and interests of both parties.