Close of escrow
Closing Day
If you have come this far, this means that it is almost time for a congratulations, but not yet. Do not forget to tie up these loose ends:
Final Walk-Through Inspection.
More of a formality than anything else, the final inspection usually takes place the day before, or the day of the closing. The buyer visits the property along with their agent to verify that everything is in working order, all repairs requested (if any) are completed and everything is in the same or better condition as when the buyer last viewed the property, and that there are no extra items left behind.
Cancel Home Services and Utilities.
It is important to have utilities on for the final walk through up till the closing date but don’t forget to call and have the utilities removed out of your name. Typically the buyer will have already called to have them transferred into their name(s).
Be Prepared.
Nicky is ready to assist you should an unforeseen glitch pops up, even at this last stage. If something at the property breaks down or the buyers’ loan does not pull through on time, there is no need to worry. Nicky has encountered these problems before and knows how to handle them efficiently and in a stress-free manner.
Closing.
The closing agent will furnish all parties involved with a settlement statement, which summarizes and details the financial transactions enacted in the process. The buyer(s) will sign this statement and then you will sign as well as the closing agent, certifying its accuracy. If you are unable to attend the scheduled closing, then arrangements can be made depending on the circumstances and the notice that we receive. You can even arrange to close by mail or sign prior to leaving town (prior to closing). If you are receiving funds from the transaction, you can elect to either have the funds wired electronically to an account at your financial institution, or have a check issued to you at the closing. The seller should arrange to have all property keys and any other important information for the new purchaser at the closing (or left at the home), so that the purchaser may receive these items at this time (or after closing). NOW – Congrats are in order! Nicky is also available after closing to help with anything needed.