COE in real estate stands for Close of Escrow. It is the point in a real estate transaction when all the conditions of the purchase agreement have been met, and the ownership of the property is officially transferred from the seller to the buyer. At COE:
- The sale is finalized legally.
- The buyer receives the keys and gains full rights to the property.
- All financial transactions, including payment to the seller and commissions to agents, are completed.
- The property title is transferred and recorded with the appropriate government office, making the transfer official and public record.
COE marks the completion of the escrow period, during which inspections, financing, and other contingencies are resolved. It is the final step in the home buying or selling process, providing legal protection and closure for all parties involved
