Property Transfer Process

The property transfer process involves transferring ownership of real estate from one party to another. It begins with a purchase agreement, where both buyer and seller agree on terms. The buyer typically secures financing and the property undergoes an inspection. Then, a title search ensures there are no outstanding claims on the property. After that, a closing meeting is held, where documents are signed, payments made, and the title is officially transferred to the buyer. Finally, the transaction is recorded with local authorities, ensuring the new owner’s rights are protected in public records.