closes on

Reply Fri 25 Jan, 2019 05:49 am
Does "close on" here mean "live nearby"? Or "appreciate"?

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Type: Question • Score: 1 • Views: 389 • Replies: 2

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Reply Fri 25 Jan, 2019 06:34 am
Real estate term that means “to purchase.”

Generally, to “close a deal” means to complete the transaction.
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Jewels Vern
Reply Fri 25 Jan, 2019 10:57 pm
In a real estate deal, closing is a legal ceremony when the actual transfer of title takes place. It might be very simple or very complex. In some places the lawyers meet, in other places it takes place in a title insurance company.
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