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Closing Day

You are now close to owning your new property with only a few tasks left on the list:

Final Walk-Through Inspection

The final walk-through generally takes place a day before or the day of closing. You will visit the property to verify all is in working order; everything is the same as when you last saw the property, there are no extra items left behind, and everything included in your purchase is still at the property.

Utilities

Your Realtor will have provided you with a list of phone numbers for the activation of utilities and other useful information about the area that will be helpful after you take possession.

Be Prepared

Your Realtor will be ready to assist you should an unexpected obstacle arise – equipment at the property breaks down, or a minor detail – in this situation, be logical, think clearly and be flexible. Problems can occur; however creating a solution is typically possible with an experienced Realtor and team work by the parties involved. Keep your head and lean on your Realtor.

The Closing

The closing agent will furnish all parties involved with a settlement statement, which summarizes and details the financial transactions enacted in the process. You and the seller(s) will sign this statement, as well as the closing agent, certifying its accuracy. If you are obtaining financing, you will have to sign all pertinent documentation required by the lending institution. If you are unable to attend the scheduled closing, arrangements may be made depending on the circumstances and if all involved are notified in a timely manner. If you are bringing funds to the transaction, you may elect to either have the funds wired electronically into the closing agent’s escrow account, or bring a certified bank check to the closing in the amount specified on the settlement statement. The seller should arrange to have all property keys, garage door openers and any other important information concerning the property for you, to effect a smooth change of ownership.

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Claudia Watts | Amelia Island, Florida | Real Estate

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