What to Expect at Closing
What happens at closing and what your broker and title company handle on settlement day.
⚠️ Closing is coordinated by your assigned licensed broker and the title/escrow company, not OnMLS. OnMLS does not manage or control any part of the closing process.
Closing typically takes 30–45 days after an offer is accepted. During this time, the buyer completes their due diligence (inspection, appraisal) and secures final mortgage approval.
At closing, you sign the deed and other transfer documents. The buyer's lender releases the mortgage funds to escrow, which pays off any outstanding liens on the property and remits your net proceeds.
The 0.50% brokerage fee is deducted from your proceeds by the title/escrow company at closing. This amount is shown clearly on your closing disclosure.
After closing, your broker updates the listing status to "Sold" on the MLS. Congratulations on your sale!
Brokerage services provided by your assigned licensed broker, a licensed brokerage. OnMLS is a technology platform that facilitates MLS listings through our licensed brokerage partner. Buyer-agent commission is separate, optional, and negotiable.
Was this article helpful?
Your feedback helps us improve our knowledge base content
More in This Category
Still need help?
Real humans respond within 2 business hours on weekdays.