You've made it through finding an agent, finding a buyer, negotiation, appraisals, and inspection. Finally, it's time to close!
Final Walk Through
The buyer has been in the home several times throughout the process, but they will absolutely want to do a final walk through before they sign any paperwork to transfer ownership. By this time you will have moved out, and all that remains in the home should be what the buyer has already agreed to be part of the purchase. Anything that is part of the home needs to stay, such as fixtures and cabinets. It may seem like a no-brainer, but I've brought buyers into homes for their final walk through and discovered that sellers have packed up and removed anything from chandeliers to garage shelving units. I've also walked through homes with buyers and discovered leftover furniture and trash that never made it's way onto the moving truck. This will definitely postpone a closing, so be sure your property is ready to go and is in the condition that has been previously agreed upon by both parties.
You will need to sign quite a bit of paperwork to complete the transaction. Closings typically take about an hour, and both parties will be there to complete the sale unless otherwise scheduled. After the closing, you will no longer have access to the property. Bring the garage remotes and the keys. You will also leave with the money from the sale.
Congratulations, you have successfully completed the sale of your property. The average American only does this every 9-12 years or so, which is why I created this series of articles. People don't always know what they don't know. Hopefully this has been helpful to prepare you for the experience. Please be sure to refer friends and family to my website to read all about the process of buying and selling real estate, and to me to represent them in the sale.