What must be included in the closing process to ensure accurate transfer of ownership?

To ensure an accurate transfer of ownership during the closing process, the inclusion of a written deed delivery is essential. The deed is the legal document that officially conveys title from the seller to the buyer. When the deed is executed and delivered correctly, it confirms that the ownership rights of the property are transferred to the buyer. This process is crucial because it establishes legal evidence of ownership and is recorded in the public records.

While notarized contracts, seller's identification, and property inspection reports may contribute to a smooth transaction, they do not directly facilitate the transfer of ownership in the same way that the written delivery of the deed does. A notarized contract ensures that the terms agreed upon are legitimate and enforceable, seller's identification is important for verifying the identity of parties involved, and a property inspection report is vital for assessing the condition of the property; however, none of these elements replace the necessity of the deed itself in transferring title. Therefore, the accurate transfer of ownership hinges on the proper and documented delivery of the deed.