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Originally Posted by aggie354
Thanks Lucky!
Yes ive heard my agent mention that while we were going over the initial contract and how and where money was going to go (surveys, inspections etc.) however does my attorney keep track of this and make entries or will my agent be responsible for this? Also, if i give say $4000 to my agent to give to his broker to give to the sellers attorney to hold, how is my attorney informed of these transactions?
Thanks again!
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The agent(s) are responsible to forward all money to the attorney prior to closing. This may not be done until very close to the end, when the deal is practically done however.
Your attorney will keep track of all the closing costs and do all of the calculations.
Just make sure you keep track of what you've paid and that those payments end up on the final statements on closing day.