If you have come this far, then this means that it is almost time for a congratulations. Don’t forget to tie up these loose ends…
Final Walk-Through and Verification of Property.
More of a formality than anything else, the final inspection takes place a few days before the transaction is closed. The buyer visits the home to verify that the property is in essentially the same shape as when they made their offer, and that the seller has completed any agreed-upon repairs.
Closing Escrow.
At this point, the Title Company will furnish the principals with a closing statement, which summarizes all the financial transactions enacted in the process. At closing you and the seller will sign the final documents for the Title Company. They’ll record the transaction for you and the seller at the County Recorder’s Office. At closing, the seller will receive their proceeds, and you will become the new owner.
Congratulations!
Escrow is closed and you have the keys! Congratulations on your new property… but we’re not done yet. Whatever loose ends you may have, we’re here to help. From moving companies and cleaners to switching utilities and upgrading systems, consider us your concierge for all things real estate-related, not just today, but for life.