Close of Escrow
Congratulations on reaching this stage in the process of selling your property! While the end is in sight, there are still a few final steps to complete before your property is officially sold. Check with your agent to confirm that all items are in order and everything is ready for a smooth closing day.
Final Walk-Through Inspection
One important step to remember is the final walk-through inspection, which usually occurs the day of or the day before closing. During this inspection, the buyer will verify that the property is still in the same condition as outlined in the Purchase Agreement and that there are no new issues or items left behind by the seller.
Cancel Home Services and Utilities
It's also important to cancel any home services and utilities that you no longer need after the closing. Your agent will provide you with a list of contact numbers to make this process easier.
Even at this late stage, unexpected issues can sometimes arise. However, your agent is there to help you navigate any problems and get things back on track in a timely and stress-free manner. If the buyer's loan doesn't process on time or an appliance on the property breaks, your agent will know what to do.
Finally, it's time for the closing. You, the buyer, and the closing agent will sign the settlement agreement, which outlines all of the financial transactions that have taken place during the process. If you cannot attend the closing in person, you can make arrangements depending on the circumstances and notice given to all parties. You will also need to have all keys and other pertinent information for the buyer at the closing. Once everything is signed, you have officially sold your property.
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