What Is Closing?

Closing is the final step in your home purchase where you sign all mortgage and transfer documents, pay your closing costs and down payment, and legally take ownership of the property. It typically takes place at a title company or attorney’s office 30–45 days after your offer is accepted. You will receive the keys once the transaction is recorded and funds are disbursed.

For example, on a $375,000 home with 10% down and $12,000 in closing costs, you would bring approximately $49,500 to closing via wire transfer or cashier’s check. During the appointment—which usually lasts 1–2 hours—you sign the promissory note, deed of trust, and dozens of other documents. The closing agent then records the deed with the county and disburses funds to the seller, real estate agents, and other parties.

Key Facts

• Timeline: Typically 30–45 days from accepted offer to closing day
• Closing Disclosure: Must be received at least 3 business days before closing
• Funds required: Down payment plus closing costs, delivered via wire transfer or cashier’s check
• Documents signed: Promissory note, deed of trust, Closing Disclosure, and more
• Appointment length: Usually 1–2 hours at a title company or attorney’s office
• Recording: The deed is filed with the county recorder to make the transfer official

Frequently Asked Questions

What should I bring to closing?

Bring a valid government-issued photo ID, your cashier’s check or wire transfer confirmation for the closing amount, and proof of homeowners insurance. Your closing agent or loan officer will provide a specific list of what you need beforehand.

Can my closing be delayed?

Yes. Common causes include underwriting conditions not being met, appraisal issues, title defects, or funding delays. Staying responsive to your lender’s requests and reviewing your Closing Disclosure promptly helps prevent last-minute delays.

What happens after closing?

After all documents are signed and the deed is recorded, the lender funds the loan and the seller receives payment. You receive the keys and officially become the homeowner. Your first mortgage payment is typically due 30–60 days after closing.