Settlement or closing is the final step in the home buying process whereby ownership of real property is transferred from seller to buyer. Purchasing a home usually represents your single largest investment.
Preparations for settlement should start as soon as the contract of sale is accepted. This is the time to select your title company.
The closing itself takes about one hour in which numerous documents are explained and signed, funds are received and disbursed, last minute questions are answered and the keys are delivered.
