Drew Mobile: 858-220-3004 | Drew Email: drew@gellens.com

Christy Mobile: 858-220-3003 | Christy Email: christy@gellens.com

Close of Escrow

Closing Day

If you have come this far, this means that it is almost time for a congratulations, but not yet. Do not forget to tie up these loose ends:

Final Walk-Through Inspection

More of a formality than anything else, the final verification of the property takes place within 7 days of the close of escrow.  The buyer visits the property to verify that all is in working order, everything is the same as when the buyer last viewed the property, and that there are no extra items left behind.  If there was an agreement for repairs to be completed prior to the close of escrow, the buyer will also want to verify the repairs.

Cancel Home Services and Utilities

Electricity, gas & water will need to be on throughout the listing period as well as during escrow.  Once escrow has closed make sure to remember to cancel the utilities that are in your name.  If you need contacts for these services please let us know, and we will provide those for you.

Be Prepared

We are ready to assist you should an unforeseen glitch pop up, even at this last stage. If something at the property breaks down or the buyers’ loan does not pull through on time, there is no need to worry. We have encountered these problems before so we know how to handle them efficiently and in a stress-free manner.

Closing

Escrow will furnish all parties involved with a settlement statement, which summarizes and details the financial transactions enacted in the process. The buyer(s) will sign this statement and then you will sign.  IN Southern California we currently do not have a formal closing. If you are receiving funds from the transaction, you can elect to either have the funds wired electronically to an account at your financial institution, or have a check issued to you at the closing. The seller should arrange to have all property keys and any other important information for the new purchaser on closing day.  Title will notify us once the home has recorded and then you will have officially closed escrow turning over keys, etc. to the new owners.