Legal-Ease: What is a real estate closing?

A real estate closing is typical a literal meeting during which ownership of property changes hands from the seller to the buyer. A closing will usually take place a few weeks after the buyer and seller make an agreement to transfer ownership of the property. Once preliminary work is completed, the buyer’s attorney or title agent will schedule the final closing usually. 

While the process is common, closings are very important and do require certain steps from the buyer and seller.