A Dictionary of Terms for the real estate and lending industry. Includes terms specific to real estate contracts in the St. Louis, Missouri area.
Real Estate Terminology for: Chesterfield - Ballwin - Ladue - Clayton - Kirkwood - Webster Groves - Eureka - Fenton - St Charles - City of Saint Louis - RE/MAX Properties West - Agents licensed in MO.
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Closing Day-
The day on which the formalities of a real estate sale are concluded. The buyer signs the mortgage, and closing costs are paid. The final closing merely confirms the original agreement reached in the agreement of sale.
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