Close of escrow
Closing Escrow on Your Home in the Tri-Cities
Closing escrow is the final step in the selling process. This stage is about completing agreed-upon terms, transferring ownership, and ensuring a smooth handoff to the buyer.
Clear expectations at this point help avoid last-minute issues.
Final Steps Before Closing
As closing approaches, several items are completed.
These typically include:
- Final review of closing documents
- Verification of loan funding
- Completion of agreed-upon repairs
- Coordination with escrow and title
Staying responsive during this stage keeps the closing on schedule.
Final Walk-Through
Buyers usually conduct a final walk-through shortly before closing.
The purpose is to confirm:
- The property condition matches expectations
- Agreed repairs are completed
- No new issues have arisen
- The home is in the expected condition at possession
Maintaining the home until closing helps prevent unnecessary delays.
Signing and Recording
At closing:
- Documents are signed
- Funds are disbursed
- The transaction is recorded
Once recording is complete, ownership officially transfers to the buyer.
Releasing Possession
Possession is transferred according to the terms of the contract.
This may involve:
- Delivering keys and access devices
- Vacating the property on schedule
- Confirming utilities and services are handled properly
Clear coordination ensures a smooth transition.
Wrapping Up the Sale
After closing, sellers can:
- Confirm proceeds are received
- Cancel or transfer utilities
- Finalize moving arrangements
- Move forward with next plans
Closing escrow marks the successful completion of the sale.