What amount will the buyer need to bring to closing based on the given real estate scenario?

To determine the amount the buyer needs to bring to closing, one must consider all closing costs, down payment requirements, and any other obligations associated with the transaction. The correct answer suggests that the buyer's total liabilities related to the property, such as the down payment and closing costs, add up to $700.

In real estate transactions, the closing amount typically includes the down payment on the purchase price as well as prorated property taxes, insurance, and any additional fees such as title insurance or attorney fees, if applicable. The buyer is responsible for ensuring all these amounts are calculated correctly and that they bring the total figure that has been determined for closing.

In this scenario, the accurate calculation leading to the amount of $700 indicates that the buyer has accounted for all necessary fees and the required down payment. Each figure must be meticulously assessed to determine the total financial obligation at the closing table, ensuring that all costs are incorporated properly.