Settlement Statement

A Settlement Statement is a detailed document that outlines all the financial transactions involved in a real estate closing. It itemizes the costs associated with buying or selling a property, including purchase price, closing costs, taxes, and any other fees. This statement also shows how much money the buyer needs to bring to the closing and how much the seller will receive after all expenses are paid. It ensures transparency in the transaction, allowing both parties to understand exactly what they are paying for and receiving.