Closing Day
If you have come this far, this means that it is almost time for congratulations, but not yet. Our intentions on a contingency transaction is to have both your sale and purchase close within a day of each other, if not the same day. Do not forget to tie up these loose ends:
Final Walk-Through Inspection.
More of a formality than anything else, the final inspection takes place a few days before close of escrow, where the buyer visits the property to verify that all is in working order, everything is the same as when the buyer last viewed the property, or that any repairs that were requested have been completed.
Cancel Home Services and Utilities.
We will provide a list of useful numbers for the termination and transfer of home services and utilities after the closing occurs.
Be Prepared.
We are ready to assist you should an unforeseen glitch pop up, even at this late stage. If something at the property breaks down or the buyers’ loan does not pull through on time, there is no need to worry. We have encountered these problems before so we know 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. The escrow officer will work with all parties to coordinate signing of all documents. 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. Your seller (and you for your buyer/s) should arrange to leave all property keys, garage door remotes and any other important information about the home for the new owner, so that the agents can hand these over after close of escrow. Now…. Congratulations!!