Closing is an important step in any real estate transaction. It is the moment when the seller hands over the keys to the buyer and the property officially changes hands. At closing, the buyer pays the remaining balance of the sale price, while the seller transfers ownership of the property to the buyer. This process includes several steps, including the verification of the buyer's loan and the transfer of funds between the buyer and seller. Additionally, the closing process involves a review of all the legal documents associated with the sale, including the deed, title, and mortgage agreement. It is important for both the buyer and seller to be fully prepared for the closing process to ensure a smooth and successful transaction.