Closing Conditions

Closing conditions are specific requirements or prerequisites that must be satisfied before a real estate transaction can be finalized. They serve as checkpoints to ensure all necessary conditions—such as financing approval, title clearance, inspections, or documentation—are completed satisfactorily. Once these conditions are met, the parties can proceed with officially transferring ownership and completing the sale. If any closing conditions are not fulfilled, the transaction can be delayed, renegotiated, or canceled. Essentially, closing conditions safeguard both buyer and seller by ensuring all agreed-upon terms are achieved before the deal concludes.