Moving In

Closing Day

If you have come this far, then this means that it is almost time for a congratulations, but not yet. Do not forget to tie up these loose ends:

Final Walk-Through Inspection

More of a formality, the final inspection usually takes place the day before, or as close to the day of closing as possible. You will visit the property to verify that all is in working order, everything is the same as when you last viewed the property, that there are no extra items left behind and that everything included in your purchase is still at the property.

Be Prepared

We are ready to assist you should an unforeseen glitch pop up, even at this last stage. Something at the property breaks down, or some other minor detail – no need to worry. We have encountered these problems before so we know how to handle them efficiently and in a stress-free manner.

Home Services and Utilities

We will provide a list of useful numbers for the activation of home services and utilities after the closing occurs.

Closing 

Also known as “Settlement”, Closing is typically held at your attorney’s office but could be anywhere agreed to by the parties.   The closing agent will furnish all parties involved with a settlement statement, which summarizes and details the financial transactions enacted in the process. You and the Seller(s) will sign this statement, as will the Closing Agent, certifying its accuracy. 

If financing, you will sign all pertinent documentation required by the lending institution.  If you are bringing funds to the transaction, you can elect to have the funds wired electronically into the closing agent’s escrow account or bring a certified bank check to the closing in the amount specified on the settlement statement. 

You will receive all property keys from the seller along with any other important information regarding the property.  If you are unable to attend the scheduled closing, arrangements can be made as long as sufficient notice is given.  

Tip:  You may wish to consult your attorney or tax advisor on the best way to hold the title. Different methods of holding title have different legal, estate and tax implications. 

CONGRATULATIONS!  You have successfully purchased a property on Long Beach Island and we hope it has been a great experience.  Our business runs on referrals – please connect us with anyone you know who might be thinking to sell or buy on LBI.