close on(redirected from closed on)
To complete the process of buying or selling property, most often a house. In this usage, "close on" is a set phrase followed by a noun or pronoun. So when do you guys finally close on the new house?
close on something
to formally complete the sale and transfer of property, especially real estate. We closed on the new house on April 16. We were able to close on our old house on June 2.