Closing is the meeting where the sale transaction is finalized. During the closing money is exchanged, all papework and agreements are signed and the title of the property is transferred. This is the last step before you can call the property your home.
Closing is typically handled by an escrow agency who coordinates with the realtors, the title company, lenders and other parties to have all the papework assembled and ready by the end. For a thorough understanding of the closing process I refer you to Chicago Title’s web page.
