The Day of the Closing.
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.
We will provide a list of useful numbers for the termination 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. If something at the property breaks down or the buyers’ loan does not pull through on time, we will do everything we can to efficiently solve the issue. Sometimes things do happen or delays happen, and it is best to understand that everyone wants to get to closing as quickly as possible.
The closing agent will furnish all parties involved with a settlement statement, which summarizes and details the financial transaction enacted in the process. Both the seller(s) and the buyer(s) will sign this statement, as well as the closing agent, certifying its accuracy. If you are unable to attend the scheduled closing, arrangements can be made for a mail out or virtual closing depending on the circumstances and the amount of notice given to both the lender and the title company. 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 after the sale has closed and funded. The seller should arrange to have all property keys and any other important information at the closing so that the purchaser may receive these items when the sale has completely closed and funded.