Closing The Deal

Some celebrate with champagne, some just breathe a sigh of relief that the deal is done. Either way, a few housekeeping items stand between you and the keys.

Final Walk-Through Inspection

The final walk-through is your last chance to inspect the property before it's officially yours. By this point, every contingency in the Purchase Agreement should be satisfied and all of the seller's belongings cleared out. As investor-operators ourselves, we know this step matters, it's your last opportunity to confirm the property is exactly as promised before you close. The final walk-through typically happens the day before or the day of closing.

Closing

Once you're satisfied with the walk-through, it's time to close. You, the seller, and the closing agent will sign the settlement agreement, a document that details every financial transaction in the process to confirm accuracy down to the dollar. No surprises, no unclear fees, just straight numbers, the same standard we hold ourselves to at Caria.

You'll sign your loan documents and deposit the balance of your down payment and closing costs into escrow. If you're bringing funds to the table, you have two options: a certified bank check for the amount specified in the settlement statement, or an electronic wire to the escrow account.

Once everything is signed and funded, the deed gets recorded at the County Recorder's office, and the property is officially yours.