Closing Day has arrived
If you have come this far! Hooray! It’s almost time for 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 takes place somewhere around 5 days before closing. You will visit the property to verify that all is in working order. Have the repairs have been completed? Is everything is the same as when you last viewed the property? Most importantly, there are no extra items left behind. Everything included in your buy is still at the property.
Home Services and Utilities.
We will provide a list of useful numbers for the activation of home services and utilities after the closing occurs.
We are ready to assist you should an unforeseen glitch pop up, even at this last stage. Something at the property breaks down, or some other minor detail – no need to worry. We have encountered these problems before so we know how to handle them efficiently and in a stress-free manor.
Escrow will furnish all parties involved with a settlement statement, which summarizes and details the financial transactions enacted in the process. You and the seller(s) will sign this statement, as well as the closing agent, certifying its accuracy. If you are obtaining financing, you will have to sign all pertinent loan documentation required by the lending institution. The funds required from you for your down payment will be wired by you to escrow. Escrow will provide the wire instruction which you will take to your bank. The bank will wire the funds to the institution provide by the wire instructions. The seller will leave all keys, remotes, codes etc, to the property and any other important information for you. Most of the time all these items are placed in a designated location in the house determined by the both of you before closing. In some cases, the agents will transfer the items to each other, and then the buyer agent will give the items to the buyer.