Closing Day: The Final Steps of Your Home Sale
By closing day, most of the hard work is done. The home has been prepared, marketed, negotiated, inspected, and appraised, but a few important details remain before the transaction is complete.
The Final Walkthrough
The buyer will typically conduct a final walk-through shortly before closing to confirm the property remains in agreed condition and that you completed any required repairs.
Before leaving, remove personal belongings, leave the home reasonably clean, confirm systems and appliances work, and have keys, remotes, and access information ready. Keep receipts or repair documentation handy in case questions arise before closing.
What Happens at Closing
Massachusetts residential closings typically involve a closing attorney. You’ll review and sign the required documents, transfer funds according to the closing instructions, and complete the transaction once the necessary documents are recorded.
Your closing attorney will explain the legal documents and answer your questions. You should also expect to review the purchase price, closing costs, adjustments, and estimated net proceeds.
Receiving Your Proceeds
One of the most important numbers for any seller is the amount they take home after closing costs. I will review your estimated settlement figures with you before closing so you understand your expected proceeds.
Your closing arrangements will determine how you receive your funds. Follow the closing attorney’s instructions carefully, especially when providing or confirming wire instructions, to help protect your funds from fraud.
Transferring Utilities and Services
Before closing, make arrangements for the services connected to the property. Depending on your situation, that may include electricity, gas, water, internet, security monitoring, trash service, lawn care, snow removal, and other recurring services.
You should also coordinate the timing of your homeowner’s insurance cancellation with your insurance provider and arrange for mail forwarding. The goal is to make the transition orderly while ensuring services remain available until responsibility for the property changes.
What If Something Goes Wrong?
Even well-managed transactions can encounter a last-minute issue. A lender may need additional time, a title question may require attention, or a concern may surface during the final walk-through.
The important thing is to address the problem quickly and determine what actually needs to happen next. My construction experience can be helpful when a last-minute concern involves the physical condition of the property because I can assess the situation from a practical perspective and help communicate the issue clearly to the appropriate parties.
After the Sale
Once the required documents have been signed and the transaction is complete, your sale is finished. Keep copies of your closing documents and settlement information for your records, and consult your tax professional regarding any tax questions related to the sale.
Selling a home is a significant process, and the relationship does not necessarily need to end when the transaction does. If you need a contractor recommendation, are considering another real estate move, or simply have a question about the local market, I am happy to be a resource. Call 617.721.8384 anytime.
