Closing Day Details

show the transfer of funds on the Settlement Statement.

Escrow Accounts: If you have been escrowing taxes & insurance, you should receive the excess proceeds within a month to six weeks past the closing date.

Property Insurance: Do not cancel any homeowner’s insurance policies until the deed is recorded and you receive the proceeds from the sale of your home. You should receive a refund from your insurance agent if you paid a year in advance.

Attorney: Anyinvoices(repairs,homewarranty,etc.)willneedtobesenttothe attorneypriorto closing. Homeowner’s Association fees will be pro-rated.

Final Walk-Thru: The buyer(s) will typically schedule this just a day or two before closing -sometimes even right before closing. Set aside a place (safely away from movers) for extra keys, remotes, appliance warranties or any house information for the new owner. A kitchen cabinet usually works out fine. Leave any personal property (negotiated with the sale) behind.