Yes. You just pull on the handles and the bed comes down.
We had a spare bedroom that was small and rarely used. The bed made it impossible to put anything else in the room, so I converted it to my work from home office by replacing the traditional bed with a Murphy bed and a fold out desk. Wish I had done this a long time ago.
Murphy Bed FTW. Did you use the Rockler Hardware Kit?
Mine is in my theater room, behind the screen. Screen goes up, bed comes down.