The closing is the final step of buying a house and the meeting at which documents are signed and the buyers take legal ownership of the property. These meetings typically involve both the buyer and seller, their legal representatives if they have hired an attorney, and other professionals, to sign important documents and finalize the sale. Knowing what to expect at the closing can help minimize mistakes and ensure you’re adequately prepared when buying a house.

What Is a Round Table Closing?

Unlike an escrow closing, a real-estate closing is an in-person gathering of interested parties, usually administered by a title agency. Along with the buyers and sellers, the closing may also include representatives of the mortgage company, a title agent, and the seller’s real estate agents, depending on the laws of your state. Each of these professionals has a specific role to play in the closing process, protecting the rights of everyone involved.

What Happens at a Closing?

A table closing could include all of the steps necessary to complete the purchase in a single meeting. The seller will be expected to sign documents that formally transfer the property, and the buyer will complete the final mortgage paperwork including the promissory note. The buyers will also have to wire funds totaling (over $10,000) or bring enough certified funds (under $10,000) to cover the title agency’s fees, the cost of inspections, and any other closing costs. Finally, the seller turns over the keys to the new owners.

If you’re planning on buying a house in the state of Ohio, All Points Title & Closing, Inc located in Hamilton, OH has the dependable service and expertise to guide you through every step of the process. Since 1986, they’ve helped buyers and sellers throughout the area navigate the complexities of the real estate process to help ensure smooth property transfers. Visit their website or call (513) 863-7600 for more information, and follow their Facebook for more real estate tips and community events updates.