Whether you’re buying or selling a home, the goal is to achieve a successful closing. No property can transfer ownership until the house closing process has been completed. In Ohio, real estate transactions are commonly finalized at a round table closing, but several steps must be taken before you reach this point. Here’s an overview of what occurs on the closing day and how to get there without any delays.

What to Know About the Round Table Closing Process 

What Needs to Happen Before Closing?

Once an offer on a property has been accepted, both parties will sign a purchase and sale agreement. This often includes financing, appraisal, and home inspection contingencies that must be met before the house closing. Then, the buyer will need to finish securing their mortgage loan, schedule an appraisal and inspection, and have a title search performed. Typically, buyers are also given a chance to do a final walk-through of the home to ensure any agreed-upon repairs have been done. After all contingencies have been satisfied, the title search comes back clear, and the buyer has reviewed the terms of their loan, the date and time will be set for closing day.

What to Expect on Closing Day

At a round table closing, everyone involved in the real estate deal is required to meet at a designated location to complete the transaction at the same time. This can include the buyer, seller, real estate agents, lawyers, and title agent. During the house closing, the final paperwork will be signed, the seller will receive their funds, and the buyer will get the deed and keys to the property. The transfer becomes official when the purchase documents are filed with the courthouse.

If you’re nearing the end of your home buying journey, turn to All Points Title & Closing, Inc. in Hamilton, OH, for help finalizing the transaction. With more than three decades of experience, they are committed to making the house closing process as smooth and hassle-free as possible. Their team understands the complexities involved in transferring property and will work diligently to see that your deal goes through. Call (513) 863-7600 to discuss your circumstances, or visit them online to learn more about their services.