Signed, sealed and delivered

 If you and your buyers have both efficiently taken care of your respective contractual obligations associated with finalizing the sale, the process of completing the transaction – known variously as the "closing", "escrow" or "settlement"- will go smoothly with no surprises. 

 Completing the transaction   

Generally the closing agent – a third-party professional, often a title company, conducts the proceedings.

• Determines the total amount due from the buyer and collects the check.
• Determines all the adjustments (e.g. seller pre-payment of taxes, utilities, etc.)
• Assures that the transaction costs, (closing legal fees etc.) are paid.
• Determines the seller's payments, credits and adjusted net proceeds.  
• Witnesses the seller’s signing of the property title and all other documentation associated with the transaction.
• Collects the keys and any other necessary items from the seller.
• Provides the seller with the net proceeds as well as copies of the documentation pertaining to the sale.
• Ensures that the buyer's title is properly recorded in the local records office along with any mortgage liens.