Closing The Deal

Whether it's with a celebratory toast or a sense of relief, reaching this stage marks the completion of the deal. Regardless of your chosen celebration, there are a few essential tasks to address at this juncture.

Final Walk-Through Inspection

The final walk-through serves as your last opportunity to inspect the property before finalizing the purchase. By this stage, all contingencies outlined in the Purchase Agreement should be fulfilled, and the seller's belongings should be entirely removed from the premises. Typically, the final inspection occurs either on the day before or the day of the closing.

Closing

Once you're satisfied with the inspection, it's time to wrap things up. You and the seller will both sign the settlement agreement or closing disclosure outlining the financial transactions undertaken during the process for accuracy. Your next step involves signing your loan documents and depositing the remaining balance of your down payments and closing costs into escrow. If you're bringing funds to the transaction, you can opt to bring a certified bank check to the closing, as specified in the settlement statement, or electronically wire the funds to the escrow account. After all is said and done, the deed will be recorded at the County Clerk’s office, officially transferring ownership of the property to you.