houstontexasjack Posted June 24, 2014 Share Posted June 24, 2014 The searchable online real property records have only been updated through June 20. Additionally, I have always been puzzled by the use of "sale" in press announcements. Generally, I understand a "sale" to occur when the sales contract is signed, even though the property will not actually be transferred until closing some period later (for residential homes, usually after an option period and a period to obtain financing for the buyer/borrower). I suspect these "sales" are actually closings where the property is transferred, and the signing of the sales contract would be kept quiet in the event the buyer exercises an option, assuming one exists, to terminate the contract. I'd be curious if anyone had insight into the general practice for large commercial transactions. Is the "sale" announced at the execution of the contract or is it announced at closing when the warranty deed transferring the property is signed. 1 Quote Link to comment Share on other sites More sharing options...
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