Getting the keys to a new home makes the purchase official. The keys allow you to enter your new home and call it yours. Being able to finally decorate and make your new house a home is a very exciting time!

Searching for a home is exhausting. Once you find one you love, you have to deal with offers, disappointments, mortgage underwriting hassles, and inspections. After the complicated and time consuming home buying process finally culminates with the closing, getting those keys makes it all worth while.


The closing is the final event of homebuying. It is a day you have waited a long time to get to and it is so exciting. All the steps of the closing must be successfully completed for the seller’s agent to hand the keys over to you.

The Steps in Closing a Real Estate Deal

Closings often require a final walk-through, funding and signed legal documents. Once these items are completed, money is distributed, the deed to the property is recorded and the keys can finally be turned over.

  • Inspection or Walk-Through – A closing inspection is essential to confirm that no damages have been incurred since the original inspection and, if there were, that the seller repaired them. It is essential to inspect all of the appliances and electricity. What the homebuyers have noticed during their many walk-throughs of the home never takes the place of an initial competent inspection.
  • Legal Documents -It is essential to take the time to carefully review the terms of the loan and all legal documents with your real estate attorney before signing on the dotted line. Confirm the interest rate, maturity date, monthly principal and interest payments and other loan terms are accurate. An estimate of closing costs will be disclosed early in the process. If there are any discrepancies with the closing costs, have your attorney deal with it..
  1. The deed which transfers ownership of the property.
  2. Title insurance policy and disclosure of any exceptions to coverage.
  3. Tax Documents.
  4. The Bill of Sale.
  5. The Closing Statement.

Transfer of Money

As with any sale, money must change hands when purchasing a home. The mortgage lender usually provides the majority of funding where the purchase is being financed. When the lender’s conditions are met, the lender wires the loan proceeds to the closing agent.

The Recording of the Deed

The deed being recorded is the final step. Once the deed is executed by the seller and delivered to the buyer, the buyer becomes the official owner and can receive the keys to their new home. Finally getting the keys is so exciting, but it is recommended that the owner change the existing locks for security.

Florida National Title Services

Florida National Title is available to help with many of your real estate needs. Florida National Title Services works under the supervision of attorneys Michele Lewis and Richard S. Weinstein experienced real estate attorneys. They work to ensure the title of the home you desire is clear and marketable and that title insurance policies are properly issued.

Florida National Title Services provides expert title services. When you are renting, we can help with every step of the way. Florida National Title has years of experience guiding Florida homebuyers through the real estate purchase and refinance experience and have helped them solve the problems that come up in the process. We will decipher the “legalese” and explain what we need and why we need it each step of the way. The blogs to follow will address specific issues to guide buyers to understand the process better and to help them avoid many of the pitfalls. Call us at (561) 408-0729 or visit our website.

Florida National Title Services, LLC
250 S. Central Blvd., Suite 101
Jupiter, Florida 33458
(561) 408-0729

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