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Close of escrow

Close of escrow

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 or “Walk-Through” takes place usually 3 days prior to the close of escrow (COE). The buyer visits the property with their agent 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.

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.

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 escrow agent will furnish all parties involved a settlement statement, which summarizes and details the financial transactions enacted in the process. The buyer(s) will sign this statement and then the seller(s) will sign as well as the escrow agent, certifying its accuracy. If for some reason you are unable to attend the scheduled closing at the Title company, then arrangements can be made depending on the circumstances and the notice that we receive. In this situation a Mobile Notary can be requested to come to your home or office to assist with the closing document signing. There is a separate charge for this service. 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. Your agent and buyer’s agent will make arrangements to collect all property keys, remotes and any other important information for the new purchaser at the closing, so that the buyer may receive these items at this time. Your agent will notify you as to when the property is recorded at the County Recorders office.
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