Real estate closing is the final step in a property transaction where ownership is officially transferred from the seller to the buyer. During this process, all necessary documents are signed, and funds are exchanged. This typically includes the purchase agreement, deed, and closing disclosure, which outlines the financial details of the sale. At closing, both parties may meet with a closing agent or attorney to review and finalize the paperwork. Once everything is signed and payments are made, the buyer receives the keys to their new property, marking the completion of the transaction.