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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?
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.
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.
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. © 2002 by The McGraw-Hill Companies, Inc.
close toalmost; nearly: It’s close on midnight. ♢ They made a profit close to €20 000.
Farlex Partner Idioms Dictionary © Farlex 2017