What is the primary objective of a "real estate closing"?

The primary objective of a real estate closing is to finalize the sale of a property and transfer ownership from the seller to the buyer. During this process, all legal documents are signed, funds are exchanged, and the title of the property is officially transferred. This is a critical step in the real estate transaction cycle, as it marks the conclusion of the buying and selling process, making the buyer the official owner of the property.

While inspecting the property for repairs, negotiating the price, and collecting closing costs may all be important elements of the real estate transaction process, they are not the main focus of closing. The closing specifically serves to complete the sale and ensure that all necessary legal and financial obligations are met so that ownership can be transferred in a clear and proper manner.