Closing on a home is the final, exciting step in your real estate journey—but it’s also the most detailed. “Closing” refers to the process of transferring ownership of the property from the seller to the buyer. It involves legal documents, financial transactions, and coordination between several parties, including your lender, real estate agent, and title company.
While it may sound complex, having a clear roadmap helps make the process predictable and stress-free. At Crest Title Company, we believe that informed buyers are confident buyers, so we’ve broken down the closing process step by step.
Step 1: The Purchase Agreement
Every successful closing starts with a signed purchase agreement. This contract outlines the terms of the sale—such as the purchase price, closing date, and any contingencies like inspections or financing. Once both parties sign, the title company receives a copy and begins preparing for closing.
Crest Title Company’s team reviews the contract details, coordinates with your lender and real estate professionals, and begins collecting the information necessary to move forward. This ensures that everyone involved is aligned from the start.
Step 2: Title Search and Examination
The next step is conducting a comprehensive title search. This involves reviewing public records, deeds, and legal documents to confirm that the seller has clear ownership and that there are no existing claims, liens, or disputes on the property.
If any issues are discovered—such as unpaid taxes, old mortgages, or recording errors—Crest Title Company works to resolve them before closing. This step is critical because it ensures you receive a clear and marketable title, free from past complications that could threaten your ownership later.
Step 3: Title Insurance Preparation
Once the title is verified, the next step is securing title insurance. This coverage protects both you (the buyer) and your lender against potential legal or financial claims related to the property’s title.
Crest Title Company prepares both the Owner’s Policy and Lender’s Policy so that every party involved is protected. While the lender’s policy is typically required by your mortgage company, the owner’s policy offers peace of mind by protecting your personal investment for as long as you own the home.
Step 4: Closing Disclosure and Final Review
In the days leading up to closing, your lender will send you a Closing Disclosure (CD) outlining all final costs, fees, and loan terms. It’s important to review this document carefully to ensure accuracy and avoid any surprises at the closing table.
Crest Title Company coordinates with your lender and real estate agent to verify that all numbers are correct, all conditions are met, and every party is prepared for the final transaction. Our team is available to explain any part of the disclosure that may be unclear, helping you feel confident before signing day.
Step 5: The Closing Appointment
Closing day is where it all comes together. You’ll meet—either in person or remotely—with your title agent and other involved parties to sign the necessary documents. This typically includes the deed, loan documents, settlement statement, and any additional disclosures.
Once all paperwork is signed and funds are distributed, the title company records the new deed with the county. This officially transfers ownership from the seller to you, the buyer. At that moment, your home is legally yours.
Step 6: After Closing
Even after the transaction is complete, the title company continues working behind the scenes. Crest Title Company finalizes document filings, ensures all funds are disbursed properly, and delivers copies of your closing package for your records.
If any post-closing questions or needs arise—like requesting additional copies or clarifying your title insurance coverage—our team remains available to assist. Our relationship doesn’t end at closing; it begins there.
How Crest Title Company Simplifies the Process
At Crest Title Company, we know that closing can feel overwhelming, especially for first-time buyers. That’s why our process is built around communication, transparency, and efficiency. We keep you informed every step of the way, ensuring you understand what’s happening, what to expect next, and how to prepare.
From title searches to final signatures, our experienced team coordinates every detail with your lender, realtor, and attorney to deliver a seamless experience. Whether you’re buying your first home or your fifth, we make sure your closing is handled with accuracy, care, and professionalism.
Make Your Closing Simple and Secure
Take the stress out of homebuying with a trusted partner by your side. Order a title with Crest Title Company today and experience a smooth, guided closing process from start to finish.