Close of Escrow
If you've come this far, then this means only one thing: congratulations, you've successfully sold your home! Don't forget to tie up these loose ends:
7.1 Final Walk-Through Inspection. More of a formality than anything else, the final inspection takes place a few days before the transaction is closed. The buyer visits your property to verify that all is in working order. You'll be signing the papers certifying that the property was sold in satisfactory condition.
7.2 Cancel Home Services and Utilities. We can provide a list of useful numbers for the termination of home services and utilities as of the date of the closing.
7.3 Be Prepared. Your agent is ready to assist you should an unforeseen glitch pop up, even at this last stage. Something at the house breaks down, the buyer's loan doesn't pull through on time - no need to worry. We've encountered these problems before so we know how to handle these problems efficiently.
7.4 Closing. The title company furnishes the principals with a closing statement, which summarizes all the financial transactions enacted in the process. At closing you and the buyer will sign the final documents for the Title Company. They'll record the transaction for you and the buyer at the County Recorder's Office. At closing you'll then receive your proceeds, and the buyer will become the new owner.