Closing The Deal

Whether you mark the moment with a celebration or simply take a long, quiet breath after the finish line, there are a few important steps to complete before you can fully call this property your own.

Final Walk-Through Inspection

The final walk-through is your last opportunity to inspect the property before closing. At this stage, all contingencies in the Purchase Agreement should be satisfied and the seller's belongings fully removed from the home. The final inspection typically takes place the day before or the morning of closing.

Closing

When you are satisfied with the final walk-through, it is time to close. You, the seller, and the closing agent will sign the settlement agreement, which details every financial transaction that has taken place throughout the process and certifies its accuracy. You will execute your loan documents and deposit the balance of your down payment and closing costs into escrow. If you are bringing funds to closing, you may do so either by certified bank check in the amount specified in the settlement statement or by arranging an electronic wire transfer to the escrow account. Once all documents are signed and funds are confirmed, the deed will be recorded at the County Recorder's office and ownership of the property will officially transfer to you.