The Day of the Closing.
If you have come this far, then 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 a day before, or the day of the closing. You will visit the property to verify that all is in working order, everything is the same as when you last viewed the property, that there are no extra items left behind, and that everything included in your purchase 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.
Be Prepared.
We are ready to assist you should an unforeseen glitch pop up, even at this late stage. We have encountered minor detail problems before and will do our best to help resolve any last minute issues as quickly as possible.
Closing.
The closing agent will furnish all parties involved with a settlement statement, which summarizes and details the complete financial transaction. 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 documentation required by the lending institution. If you are unable to attend the scheduled closing, arrangements can possibly be made for you to have a mail out or virtual closing depending on the circumstances of the transaction and the amount of advance notice that is provided to both the lender and the title company. If you are bringing funds to the transaction, you can elect to either have the funds wired electronically into the closing agent’s escrow account, or bring a certified bank check to the closing in the amount specified on the settlement statement. The seller will arrange to have all property keys and any other important information available to you once the closing is completed and the transaction has funded. You will not be able to take possession before the sale has funded unless prior arrangements have been made by way of a temporary lease.
