What Really Happens at Closing? Charlottesville Realtor Fulton Gaylord Briefly Explains The Process.

Real Estate Agent with Keller Williams Realty

As a real estate agent in the Charlottesville Virginia area, I’ve found that one of the biggest questions my clients have is: “What really happens at closing?”

In this article, I’ll take you step by step through what really happens in the closing process. By the end of this article, the closing process should no longer be a mystery to you.

C'ville 1st-Time Home Buyer

The Closing

The closing is when the seller, the buyer and all other parties involve meet to finalize all the documents in the sale. The seller signs the deed of the house over to the buyer and the buyer pays the price agreed in the contract.


The seller also provides any other documentation necessary to the buyer. This can include insurance papers, evidence of title, inspection reports (including any needed repairs) and so on.

Title Insurance

Title insurance is also paid at closing. Title insurance is an insurance that assures your title is clean. You pay to have a public records search conducted and once you get a clean bill of approval, the title is considered clean. If any contradictory records come up later, you are covered by title insurance.

C'ville 1st-Time Home Buyer


Often times closing is done through escrow with a title company. Closing through escrow means that the sale is done through a third party that has no financial interest in the sale.  This helps assure the safety of both parties by having the third party sign off on the sale once both sides have fulfilled their respective responsibilities.

At the End of Closing

Several other things also happen during the closing process:

- Commissions for real estate agents are also paid during closing.
- The buyer receives the keys to the home
- Legal documents are recorded. This is the final step to the closing process.

If you’re thinking of buying or selling a house in the [Profile.market3] area, talking with a qualified and experienced real estate agent can help you save thousands of dollars and weeks of time. If you’re not already working with an agent you’re satisfied with, feel free to give me a call or send me an email, today, for a free consultation.

Sponsored By: C'ville 1st-Time Home Buyer

Posted by

Fulton Gaylord-Associate Broker, ABR, SRES, e-Pro
Certified REO Specialist, Registered HUD Agent
Keller Williams Realty
3510 Remson Ct., Ste 301 Charlottesville, VA. 22901


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Fulton Gaylord

1st-Time Home Buyer Realtor - Charlottesville, VA
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