Closing Day. If you have come this far, then it is almost time for congratulations.... but not quite yet. Remember to tie up all these loose ends:
Final Walk-Through Inspection. More of a formality than anything else, the final walk-through inspection takes place either the day before or the same day as closing. You will visit the property to verify that all is in working order, the property is in the same condition as when you last visited, all of the inclusions have been left in the property and that there are no extra items left behind.
Home Services and Utilities. We will provide a list of useful numbers for the activation of home services and utilities after the closing occurs.
Be Prepared. We are ready to assist you should any unforseen glitch pop up, even at this last stage. If something at the property breaks down, or some other minor detail occurs, there isn't any need to worry. We have encountered similiar problems in the past and are experienced in how to handle them in as timely and efficient manner as possible.
What to Bring to Closing. All parties signing at the closing are required to have either their drivers license or a government-issued photo i.d., make sure to bring yours. Also, if you are required to bring funds to the table in addition to your loan, make certain the certified check from your financial institution is made payable to YOU. Once the closing is completed, you can endorse the check over to the title company. Note: if the funds you are required to bring are more than the limits as set forth by the title company, you will be required to have your funds wired to the title company. Make certain you know what the limits are and have the wire ordered in advance of the closing (at least one day in advance) to ensure funds are available at closing. The title company will provide wiring instructions.
Closing. The closing agent will furnish all parties involved with settlement statements (one for the purchasers and one for the sellers). You will be required to sign your respective settlement statement. If you are acquiring a loan, the title company will also require all parties to sign a HUD statement. Other documents you will likely be asked to sign at the closing include: Bill of Sale, Tax Agreement, Utility Agreement, Real Property Transfer Declaration, Deed, Final Affidavit and a whole host of loan documents if you are acquiring a loan. If you cannot be present for the closing, a closing packet can be sent to you in advance of the closing for signatures. However, it is crucial to notify the title agent well in advance of closing so he/she can prepare the closing package and mail it out far enough in advance of closing such that the signed docs can be returned in time for the actual closing. If you are signing remotely, you will also need to locate a notary, as some of the documents will require that you sign them before a notary.
Questions for the Seller. The closing table is also the perfect time to ask the seller for any additional keys, garage remotes, etc. which have not already been left at the property. Don't forget to ask about mail box keys, storage keys, alarm systems, etc. If you have any additional questions about the codes for the garage door, alarm system, etc., now would be the perfect time to ask.