Closing:   the ultimate goal in real estate!

The closing of the real estate transaction is the process of exchange of the property deed for the money offered in the sale contract.  

The deed is the written record of ownership that is prepared for each specific sale.  It is a legal document that is typically several pages long specifying the terms of ownership under the law.  

Often times, the appointment where all sales docuemnts are signed is referrred to as the closing, however the actual closing may take place shortly afterwards when money is transfered in exchange for the signed deed.  Upon closing, the buyer becomes the legal owner of the home.