Closing is the process that comes from the moment of signatures on the contract (Effective Date) to the point where the keys are exchanged (Closed). The closing is interchangeable with the title process, in that it is the process of actually transferring the deed from one individual to another. 

There are a number of steps involved in the process of closing, including holding escrow, ordering and reviewing title searches, clearing title encumbrances, among many other tasks. 

 


Next step

Learn more about the key steps in the closing process.

How much is the closing cost, generally speaking?