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 takes place the day before, or the day of the 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, and that there are no extra items left behind.
Cancel Home Services and Utilities.
It’s now time to schedule the termination of home services and utilities. It is helpful but certainly not required to coordinate with the buyer as to when certain utilities such as electricity will be cut off. This should be done thru your agent.
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 have a problem with their financing, in most instances our agents can figure out a reasonable solution given our years and years of experience with these types of issues.
Closing.
The closing attorney 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. Now days most Closings are handled remotely meaning there is no physical meeting of the parties. If a physical Closing is agreed to and scheduled and then later you are unable to attend the scheduled closing, in many instances arrangements can be made depending on the circumstances and the notice that we receive. 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 related to the property for the buyer at the time of closing.