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Define Date of Sale in Real Estate

Date of Sale: 

The "Date of Sale" is the specific day when a property is officially sold from one person to another. It's the day when the deal is finalized, which could be the day when the purchase agreement is signed, the closing date, or the day when the sale is recorded in public records, depending on local customs.

Example: 

Samantha decided to buy a house from John. They signed a purchase agreement on April 10th, 2023, and closed the deal on April 15th, 2023. In their local area, the closing date is considered the Date of Sale. So, for Samantha and John, the Date of Sale for that house is April 15th, 2023.

"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"

In the world of houses and trees,
The Date of Sale is like a breeze.
It's the day when a property's fate,
Shifts from one owner to another, quite great!

Agreement or closing, recording too,
The Date of Sale, depends on local view.
A signature here, a paper there,
The Date of Sale makes ownership fair.