Real Estate Settlements

Real estate settlements, also known as closing, are the final steps in a property transaction where the ownership is officially transferred from the seller to the buyer. During this process, all necessary documents are signed, funds are exchanged, and any outstanding fees, such as taxes or insurance, are paid. It typically involves various parties, including buyers, sellers, real estate agents, and sometimes attorneys. Once everything is completed, the buyer receives the keys and legal title to the property. This process ensures all obligations are met and provides security for both parties involved in the transaction.