real estate convention

“Home Field Advantage” — Housing Market Edition

Location of Closing I paid for that mike! –Ronald Reagan, 1984 Presidential debate You’d think that the home seller — who’s invariably footing most of the closing bill, starting with the Realtors’ commissions — would get to choose where to hold the closing. But by convention, it’s the Buyer’s call. Why’s that? I’d guess it’s...
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“Home Field Advantage” — Real Estate Version

It’s not exactly like the home team batting second in baseball, but there is something analogous to “home field advantage” in residential real estate. Namely, by convention, the Buyer gets to choose the location of closing (typically, at the office of the title company they’re using). That fact was . . . uhhh, driven home...
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