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How does a double closing work?

How does a double closing work?

Selling a house can be a difficult time in someone’s life. They may be working with a time limit or expect a certain payment for the house that they are not willing to budge on. There are many factors involved when trying to sell a house. You could be doing it on your own or using a real estate agent to take over the process for you. Complications can arise when selling a house. To make matters even more complicated, selling a home and looking to buy at the same time can cause more stress. If you are considering this process, seek our legal advice to help make it a smooth process for you and your family.

What is a double closing?

When individuals decide to sell a house and buy one on the same day, this is known as a double closing. This can be a very stressful time for people. 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 benefit me?

As someone involved in a double closing, we understand why you can choose a difficult option such as this. Sometimes people find it important to sell the old house before buying a new one. This can be for financial reasons. If you are one of those people who needs the money from a selling 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.

Stone Crosby, P.C. has proudly served clients in Alabama for over 100 years. Our firm has experience handling matters including divorce and family law, estate planning and administration, business law, employment law, class actions, consumer protection, business law, real estate law, among many others. If you require quality legal representation, contact our firm today to schedule a consultation.

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