Closing Day has arrived

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 takes place somewhere before 5 days before closing. 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,  Most importantly, there are no extra items left behind.

Cancel Home Services and Utilities.

We will give you a reminder of services to be closed or transfer to your next living space. Important communications are with your lender and Home Owners insurance companies. You need to let your soon to be ex-lender your forwarding address. I am sure you will want the funds that are left over in the impound account mailed to you. If you do not inform the Home Owner insurance company about the sale of your home, the insurance will not stop. Your are entitled to a refund of insurance not used.

Be Prepared.

We are ready to assist you should an unforeseen glitch pop up. Yes, even at this last stage, stuff happens. 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. Most importantly, 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 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 will arrange to have all property keys and any other important information for the new purchaser at the closing, so that the purchaser may receive these items at this time.