Before Anya can draft the letter to the purchaser's lawyer stating the balance due on closing,she must adjust the sale price to take into consideration such things as prepaid annual municipal property taxes.

Question

Quizplus · Accepted Answer

Adjustments are made to the sale price in real estate transactions to account for items like prepaid taxes, utilities, or association fees, ensuring that the buyer and seller only pay for their portion of these costs up to and after the closing date.

Before Anya Can Draft the Letter to the Purchaser's Lawyer