What occurs during the real estate closing process?

The closing process in real estate is a crucial step where the sale is finalized. During this phase, all necessary documentation is completed and signed, which includes the purchase agreement, title documents, and financing paperwork. This is also the stage where funds are transferred from the buyer to the seller, completing the financial transaction. Ownership of the property is officially transferred, and the buyer receives the keys and any pertinent documentation indicating they are now the legal owner. This comprehensive process involves multiple parties, including real estate agents, title companies, and potentially attorneys, ensuring that all legal requirements are met for a successful transfer of property.

The other options involve activities that occur outside the closing process. For example, initial property appraisals and marketing typically happen before a closing, while negotiations of lease terms pertain to rental agreements, not sales. Eviction of tenants relates to rental properties and is unrelated to the closing of a sale in real estate.