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What is a double closing?

What is a double closing?

Buying and selling real estate can create for some stressful times. These transactions require a large sum of money. Due to this, it puts individuals in difficult situations at times. When individuals decide to sell a house and buy one on the same day, this is known as a double closing. Since this involves two transactions, it can be very stressful. Individuals will have to negotiate for both deals and interact with different individuals during these processes. The involvement of a real estate agent can make it even more complex for them. The amount of stress involved with finding a home and selling a home is hard enough without the combined force of both processes. If you are about to partake in this matter, it is best to have an attorney at your use to ensure a successful process.

How can this process benefit me?

Double closings can prove to be beneficial for some individuals due to financial reasons. This can be for financial reasons. If you are one of those people who needs the money from selling your home in order to buy a new home, it can benefit you to undergo a double closing.

Although most people may decide to sell a house and acquire a new home later, this may not fit for everyone. Some people do not want to spend the extra cost of finding temporary housing. Some people do not want to have to ask relatives or friends if they can stay at their home until they buy a new house. This can require a lot of effort due to moving your possessions multiple times within a short period of time. We understand these reasons. Our firm can guide you through a double closing to help avoid any unwanted circumstances that you may face. By avoiding these circumstances, you may not have to find a temporary place to live if the double closing is successful.

When you are planning a same-day transaction, you must understand all that is accompanied with the process. Our legal team can provide you with the information you need to know in order to understand what to expect from this process. We want to ensure that you will have a smooth double closing when the time comes.

The Lauterbach Law Firm is proud to serve clients throughout Rockland County who are faced with legal matters related to estate planning, real estate, foreclosure defense, landlord-tenant law, business law, and criminal defense. If you require the services of an experienced team of attorneys, contact The Lauterbach Law Firm today to schedule a consultation.

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