Closing is the final step in the home buying or selling process. It is the time when the sale is finalized and the buyer and seller exchange keys and money.

Here is what you can expect at closing:

• You will meet with your real estate agent, the buyer’s real estate agent, and a closing agent. The closing agent is a neutral third party who will handle the paperwork and ensure that the transaction is completed correctly.
• You will sign a variety of documents, including the closing disclosure, the deed, and the mortgage. The closing disclosure is a summary of all the costs associated with the transaction. The deed is a legal document that transfers ownership of the property from the seller to the buyer. The mortgage is a legal document that secures the loan from the buyer to the lender.
• You will pay the closing costs. Closing costs are the fees and expenses associated with the transaction, such as title insurance, appraisal fees, and recording fees.
• You will receive the keys to your new home. If you are the buyer, you will receive the keys to your new home at closing.

Here are some additional tips for closing:

• Bring a check or money order for the down payment and closing costs.
• Bring a copy of your driver’s license and other identification.
• Bring a copy of your proof of insurance.
• Ask questions if you don’t understand something.

Closing is an important step in the home buying or selling process. By being prepared and knowing what to expect, you can make the process go smoothly.