Close of Escrow - David Abele – ARESI GROUP | Minneapolis, MN

Close of Escrow

May 18th, 2013

If you’ve come this far, then this means only one thing: congratulations, you’ve successfully sold your home! Don’t forget to tie up these loose ends:

Final Walk-Through Inspection. 



More of a formality than anything else, the final inspection takes place a few days before the transaction is closed. The buyer visits your Minnesota property to verify that all is in working order. You’ll be signing the papers certifying that the property was sold in satisfactory condition.

Cancel Home Services and Utilities. 



We’ll provide a list of useful numbers for the termination of home services and utilities as of the date of the close of escrow.

Be Prepared. 



Your agent is ready to assist you should an unforeseen glitch pop up, even at this last stage. Something at the house breaks down, the buyers’ loan doesn’t pull through on time – no need to worry. We’ve encountered these problems before so we know how to handle these problems efficiently.

Close of Escrow. 



The title company furnishes the principals with a closing statement, which summarizes all the financial transactions enacted in the process. A few days before the set closing date, you’ll sign the final documents for the title company. They’ll record the transaction for you and the buyer at the County Recorder’s Office. You’ll then receive your proceeds, and the buyer will become the new owner.

Keys. I’ll arrange the delivery of your keys to your buyer once the deed has been recorded at the County Assessor’s Office.

For more information and for any additional questions, please feel free to contact me at any time.



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