In California, a home transaction is officially closed when the sale is recorded with the county.
In most home sales, a grant deed that transfers ownership of the property from the seller to the buyer is recorded. The title company insuring the transaction against future unforeseen liens alerts all parties when the recording is complete.
This also represents the “closing” of the escrow, though the escrow officer still will need to distribute funds and issue final closing documentation to all parties.
The last step in the home-sale process? Buyer taking possession of the property.
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illustration courtesy of stock images | freedigitalphotos.net
