The Complete Real Estate Closing Process: Timeline, Documents, Costs, and What to Expect at the Closing Table

Real estate closing involves 3 main phases: (1) Offer-to-Purchase & Sale (P&S) Agreement (14-21 days for contingencies), (2) P&S to Closing (30-45 days for financing, title work, inspections), (3) Closing Day (signing 20-30 documents, transferring funds, receiving keys). Total timeline: 45-75 days from accepted offer to possession. Critical closing costs in Massachusetts: Attorney fees ($1,000-$2,000), lender fees ($1,500-$3,000), title insurance ($1,000-$2,500), recording fees ($300-$500), transfer taxes (varies by town), property taxes (prorated), homeowner insurance (first year prepaid), and escrow deposits (2-6 months reserves). Total closing costs: 2-5% of purchase price ($12,000-$30,000 on $600K home). Many buyers under-budget by $5,000-$10,000. Final walk-through is last chance to verify property condition before closing; never skip it.