Closing The Deal

Some buyers celebrate with champagne, while others are simply relieved to reach the finish line. Either way, there are a few final steps to complete before officially taking ownership.

Final Walk-Through Inspection

The final walk-through is your last opportunity to inspect the property before closing. At this stage, all contingencies outlined in the Purchase Agreement should be satisfied, and the seller should have removed all personal belongings. This inspection typically takes place the day before or the day of closing to ensure the home is in the agreed-upon condition.

Closing

Once you’re satisfied with the final walk-through, it’s time to close. You, the seller, and the closing agent will sign the settlement agreement, which outlines and confirms all financial details of the transaction. You’ll also sign your loan documents and submit the remaining balance of your down payment and closing costs to escrow. Funds can be provided either by certified bank check or wire transfer, depending on your preference. After all documents are signed and funds are received, the deed is recorded with the County Recorder’s office, and you officially become the owner of the property.