The closing process of a property transaction is not just about signing documents and exchanging keys; there are several important post-closing steps. These include recording the deed with the register of deeds, transferring taxes to the buyer's name, paying off the seller's mortgage, and dispersing payments. The final step is issuing the title policy and the deed to the new property owner. The process is crucial, but if done correctly, the new owners should not hear from the team again, except if they have questions.