Real Estate Closing Services

Your Guide to the Real Estate Transaction

There’s a lot that happens between the time a buyer finds a house and the day it belongs to them. To help you better understand what happens after the Sold sign is posted, review the seven basic steps of transferring a land title.



An escrow contract (an agreement to close) starts the process.



Copies of documents (surveys, deeds, encroachments, restrictions, assessments, liens, wills, divorce settlements, etc.) are gathered from various public records.



Legal owner, debts owed and encumbrances on the land are verified.



Taxes, assessments, liens, bills and other nonpublic information are reviewed.



Forms are prepared for settlement.



The escrow officer oversees closing of the transaction. Seller signs deed; buyer signs note and new mortgage. Old loan is paid off; new loan is set up. Owner’s and lender’s policies are issued. Seller, real estate agents, attorneys, title company and others are paid.



Documents are recorded with the county to show transfer of ownership.

Buying or selling a home is an exciting experience and one for which you can never be too prepared. As you prepare to start the process, use our Buyers' and Sellers' Guide to get an idea of what's to come.