CLOSING GUIDE
How Closing Works in Ohio
What happens between “clear to close” and getting the keys.
“Closing” is when ownership officially transfers from seller to buyer. In Ohio, closings are usually handled by a title company acting as a neutral escrow agent, so you typically don’t need an attorney at the table (though you can always hire one).
Who does what
- Title company: searches the title, issues title insurance, collects and disburses funds, and records the deed.
- Lender: finalizes the loan, sends the Closing Disclosure, and funds the loan.
- Agents: coordinate timelines, the final walkthrough, and any last-minute issues.
- Buyer & seller: sign documents (often at separate times) and bring funds or receive proceeds.
The timeline
- Clear to close: the lender’s underwriter signs off on the loan.
- Closing Disclosure: buyers using a mortgage must receive it at least three business days before closing. Compare it to your Loan Estimate and ask about anything that changed.
- Final numbers: the title company prepares the settlement statement showing exactly what each side pays and receives.
- Final walkthrough: usually within a day or two of closing.
- Signing: buyers sign loan documents and the seller signs the deed.
- Funding & recording: the loan funds, and the deed is recorded with the county recorder.
- Keys: possession happens as stated in your purchase agreement, at closing or on an agreed date afterward.
What to bring
- A valid government-issued photo ID
- Your funds to close, sent by wire or certified funds as instructed by the title company
- Any documents your lender or title company requested
Protect yourself from wire fraud
Scammers send fake wiring instructions that look real. Before wiring any money, call your title company at a phone number you already know is correct, not one from an email, and confirm the instructions. Title companies rarely change wiring instructions by email.
Common closing delays
- Late document requests to the lender
- Appraisal coming in below the contract price
- Title issues like old liens or estate questions
- Last-minute changes to credit, income, or employment
Most of these can be prevented by getting ahead of them early. That’s my job.
This guide is general information to help you understand the process. It isn’t legal, tax, or lending advice. Every situation is different, so talk with your lender, title company, or attorney about your specifics.
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