What should a closing agent ensure is completed before a transaction is finalized?

The closing agent plays a crucial role in ensuring all necessary steps are completed before a transaction is finalized. One key responsibility is to conduct a title search. This process verifies that the property’s title is clear of any liens, claims, or other issues that could affect ownership. Ensuring that the title is in order protects both the buyer and lender from potential disputes over property ownership in the future.

Additionally, home inspections should also be completed before finalizing a transaction. This step allows the buyer to be aware of any significant repairs or issues that may need to be addressed, ensuring that they are making an informed decision about their purchase.

Property transfer is an essential part of the closing process, which involves the legitimate transfer of ownership from the seller to the buyer. This step is a legal requirement for completing the transaction and ensures that the buyer officially receives all rights associated with the property.

These elements—home inspection, title search, and property transfer—are all fundamental to a smooth and transparent closing process, making it clear why it is necessary for a closing agent to ensure that all these components are completed before finalization.