close of escrow

**Post Tag Description for “close of escrow”:**

The term **”close of escrow”** refers to the final step in a real estate transaction when all the conditions of the purchase agreement have been met, funds have been transferred, and ownership of the property is officially transferred from the seller to the buyer. This milestone marks the completion of the escrow process, ensuring that the title is clear and the buyer receives legal possession of the property. Understanding the close of escrow is essential for buyers, sellers, and real estate professionals to ensure a smooth and successful property transaction.