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Streamlining the Closing Process: Rules for Managing Transactions

For every closing there are three rules that can and should be followed to ensure a streamlined and successful closing process.

By Aaron Strauss | Updated on December 10, 2007

Every real estate transaction is different – some are highly complex and others fairly simple, but for every closing there are three indispensable rules that can and should be followed to ensure a streamlined and successful closing process.

1. Control your documents.

In modern, large-scale commercial real estate closings, it is quite unusual to have an actual in-person closing with all parties in attendance. More often than not, documents are sent via pdf, with original signature pages following by overnight delivery to an escrow agent (invariably a title company), who is charged with closing the subject transaction in compliance with escrow instruction letters sent by all parties.

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