the closure.
The property should be in the condition that’s specified in your sales contract. You may inspect for any changes made subsequent to the home or pest inspections. Check if everything is in order and if any additional replacements are necessary. If there’s an issue, the closing day could be shifted or upon agreement, the repair costs will be submitted to the escrow account. Don’t skip this step because missing the final walkthrough is one of the reasons of closure delay.
#10. Get Ready for Your Closing Day
Now you have run the escrow marathon and survived all the possible obstacles in your way. It’s finally time to sign the papers and get the keys to your new home. Prepare all the paperwork that you’ve collected during the process. This includes the title search and insurance, inspection reports, bank statements, home appraisal, checks of down payment closing costs, and prepaid interest. In California usually the buyer(s) stop by at the escrow company to sign any documents that need wet signatures and the Grant Deed which needs to be notarized before been sent for recording. Escrow usually has a notary on staff. Basically, the purpose of the meeting is to sign the following documents: Closing Disclosure (CD). This document contains your final payments, costs, and charges upon agreed terms and periods. You’re supposed to receive it three business days before the closing date and compare it with the conditions of the initial loan estimate.
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