Balance to Close Sample Clauses
The "Balance to Close" clause defines the amount of money the buyer must pay at the closing of a real estate transaction, after accounting for deposits, credits, and other adjustments. This clause typically specifies how the final payment is calculated, factoring in earnest money already paid, loan amounts, and any seller concessions or prorated expenses. Its core practical function is to ensure both parties have a clear understanding of the exact funds required to complete the sale, thereby preventing disputes or confusion at closing.
Balance to Close. At the Closing, Buyer shall pay to the Seller by wire transfer of federal funds the balance of the Purchase Price, [*], plus or minus prorations and adjustments as provided in this Agreement (the "Cash To Close").
Balance to Close. The Purchase Price, subject to credit for the Deposit and subject to credit, debit, and adjustment as otherwise specifically provided for in this Agreement, shall be paid to Seller at the time of closing of the transaction as set forth herein.