Real estate transactions involve the process of buying, selling, or leasing property, which can include residential homes, commercial buildings, and land. These transactions typically require a series of steps, including property valuation, negotiations, and the signing of legal documents. Key participants often include buyers, sellers, real estate agents, and lenders. During a real estate transaction, various legal and financial aspects must be addressed, such as obtaining a mortgage, conducting inspections, and ensuring clear title to the property. Closing is the final step, where ownership is officially transferred, and all necessary payments are made.