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Close of Escrow

Final Walk-Through Inspection.

More of a formality than anything else, the final inspection takes place usually 1-5 days prior to 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 can provide a list of useful numbers for the termination of home services and utilities after the closing occurs. As the seller, our agents will coordinate with you where to leave extra keys, garage door openers, etc. and we will make sure the key transfer to the buyer or buyer’s agent is complete once we officially record and close escrow.

Be Prepared.

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, there is no need to worry. We have encountered these problems before so we know how to handle them efficiently and 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 signing of the closing papers usually takes place 1-5 days prior to closing. We will work with you to make sure you can sign your documents whether locally or with a mobile notary. Once all documents are returned to the lender, the closing funds from the buyer and buyer’s lender are received by the title company, the escrow officer will release the file for official recording. 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.

At this point, your agent will be calling you to say the words we all love to hear — “Congratulations, we have now closed escrow!”