Closing
Also known as Settlement
The final step of a home purchase, where ownership legally transfers from seller to buyer.
In plain English
Closing (also called settlement) is the meeting — often now largely digital — where you sign the final loan and title paperwork, pay your remaining closing costs, and receive the keys. It typically happens 30–45 days after your offer is accepted.
Knowing what happens at closing ahead of time — and what to bring — helps you avoid last-minute surprises on one of the most important days of the process.
Where you'll run into it
Guides and tools on TheBuyingPath that cover closing in context.
Related terms
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