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Close of Escrow Okay,
the deal is almost done. Signature
Properties has said it’s time to start packing, so you’ve called some movers to
talk about scheduling their arrival and you’ve started collecting boxes. So, let’s talk about the final steps.
The “Walk-Through”: The buyer will want to make a final visit to
the property a few days before the sale closes.
This is the final inspection in which the buyer can ensure himself that
the property’s condition is as it was when he made his initial offer and meets
any stipulations in the contract.
Issues:
Murphy’s Law says that not everything
goes as planned. This is when Signature
Properties shines again. There are too
many variables to list on this page that can become last minute issues, but
know that Signature Properties has a reputation for closing the deal. Whether something quit working at the last
minute and was discovered in the Walk-Through phase or the buyer’s loan
processing has run into unforeseen problems, Signature Properties will be there
to smooth the waters with our experience and know how.
Services:
Signature Properties can provide you
with a list of phone numbers to call local utilities and services so that they
can commence the services you desire to your property as of the date escrow
will close. For the buyers’ convenience,
we will suggest they initiate service as of that same date.
Close of Escrow: Whoever is
closing the sale will provide you with a “closing statement” that details all
of the financial details of your property purchase (i.e., pro-rations on
property taxes and all the transaction-related costs.) Signature Properties will be there for you to go
over this documentation and make sure it is as we negotiated. This is the phase in which you will sign the
final documents releasing your title to the new owner. When all of the endorsements from all parties
to the transaction are complete, the title company will issue you the proceeds
from the sale, record the transaction for you at the County Assessor’s
office, and the buyer will become the official new owner.
Keys:
Signature Properties will coordinate the
delivery of any keys and any other property access devices to the buyer once
the deed has been recorded at the County
Assessor’s Office or in accordance
with any other contractual agreements stipulated.
Now, congratulations
are in order!!!!!!!! You have completed
the sale of your property and perhaps off to the excitement of ownership in a new
property!
Feedback:
Signature Properties knows that there is
always room for improvement, and will ask for your feedback once you’ve had a
chance to enjoy the closure on your sale.
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