Draw On Legal Georgia Real Estate Closings Forms For Free

In the State of Georgia a Real Estate Closing (which is the entire process by which title to the property is transferred) must be conducted by a licensed Georgia attorney.

How to write a real estate purchase agreement Identify the address of the property being purchased, including all required legal descriptions. Identify the names and addresses of both the buyer and the seller. Detail the price of the property and the terms of the purchase. Set the closing date and closing costs.

In Georgia, a real estate closing begins when the buyer and seller sign the final purchase and sale contract. The contract gives the essential terms, including price, amount of earnest money, closing date, any seller-paid closing costs, and any contingencies (such as financing or appraisal contingencies.)

How long does the closing process take? A home closing generally takes 21-45 days, depending on loan type, financing and buyer or seller preferences. A house sale that closes in 30 days means the process was super smooth, with no deal-derailing problems revealed in the inspection and no financial hitches for the buyer.

We are pleased to announce that, as of today, remote closings through audio-visual electronic means are temporarily permissible in Georgia. This development has been made possible through the concerted and coordinate effort of leaders in the real estate industry, the Georgia Bar, and the governor.

Georgia law requires a licensed attorney to close all real estate transactions. In other states, the title company handles the closing and matters pertaining to escrow. But in Georgia, an attorney does it.