To finalize the transaction usually means appearing in front of a notary and signing a sale and purchase deed or a lease agreement, depending on the nature of the sale. Once payments have been received by the vendor, you are entitled to occupy the property and you become the proud new owner. Make sure that you have insurance coverage from this day onward. When you finalize the transaction, make sure you receive all the relevant documents from the notary once the signing has been done and concluded. Make copies of all documents and scan them and put them away in a safe place. It is crucial that you obtain copies of the taxes paid by both parties for your file and documentation.