Closing

This is best explained in detail by a lawyer. The long and short of it is that five parties (and their legal representatives) will be there - the buyer, the seller, the building (if not a single family dwelling), the buyer's bank (if applicable) and the seller's bank (if applicable). The lawyers (should) do all the talking. If it's a reasonably smooth process, it should take anywhere from 45 - 90 minutes - but in complex deals it can go on for hours. Chatter should be kept to an absolute minimum, and the buyer and seller are better off if they interact as little as possible with each other and just concentrate on listening to and doing what their attorney says.

Thanks.

Seller and buyer can be gone as long as they give POA to each attorney to sign for them.

#2 here - oops - absolutely correct #4 - I forgot that - great point!

what's poa?

power of attorney