What occurs during the closing process in real estate?

During the closing process in real estate, the key event that occurs is the transfer of ownership, which involves critical actions such as signing documents and the payment for the property. This stage is the culmination of the real estate transaction where all parties meet to finalize the sale, ensuring that all agreements made throughout the process are adhered to.

During closing, necessary legal documents are executed, including the deed that officially transfers ownership from the seller to the buyer. Financial aspects are also settled, typically involving the buyer paying the purchase price through a mortgage or other means, along with closing costs and fees. This process is essential as it officially records the transfer and protects the rights of both parties involved in the transaction.

In contrast, the other options refer to stages that occur prior to closing. Listing properties is an initial step to market them, offers made by potential buyers take place during the negotiation phase, and home inspections are part of the due diligence process that typically occurs prior to closing. None of these actions involve the formal transfer of ownership, which is the defining characteristic of the closing process.