CLOSE OF ESCROW
If you’ve come this far, it’s time to express congratulations. You’ve successfully sold your home! But don’t forget to tie up these loose ends:
Final Walk-Through Inspection. Up to five days before the final sale of the property, the final walk-through with the buyer will be conducted at the home. The final walk-through is intended to confirm that the property is in the same condition as when the purchase contract was accepted and also to confirm that any negotiated repairs are satisfactorily completed.
This is also usually a good time for the buyer to ask questions on how various items function including the pool/spa, sprinkler systems, security systems, etc.
Cancel Home Services and Utilities. I can provide a list of useful phone numbers for the termination/transfer of home services and utilities as of the date of the close of escrow.
Be Prepared. I’m prepared to assist you should an unforeseen glitch pop up, even at this last stage. There’s no need to worry. I’ve encountered various last-stage problems before and know how to handle these problems efficiently.
Close of Escrow. The escrow company furnishes the principals with a closing statement, which summarizes all the financial transactions enacted in the process. Before the set closing date, you’ll sign the final documents from the escrow company for the transaction. Once everything is ready, the title company will record the transaction for you and the buyer at the county recorder’s office. You’ll then receive your proceeds, and the buyer will become the new owner.
Keys. I will deliver the keys to your buyer or their agent once the deed has been recorded at the county assessor’s office and after you have moved out. In most cases, the contract allows for 1 to 2 days for the seller to move out after closing.
