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Final Walkthrough and Closing

Walkthrough & Closing

“Closing” escrow is the process of finalizing the sale, ultimately transferring ownership of the home from seller to buyer. The final steps to reaching the “closing table” are:

Review the Closing Disclosure

The Closing Disclosure is a 5-page document that provides final details about the mortgage loan you have selected. It includes the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage and purchase the property (closing costs).

Your lender or mortgage broker is required to give you the Closing Disclosure at least three business days before you sign the loan documents. This federally mandated 3-day window allows you time to compare your final terms and costs to those estimated in the Loan Estimate that you previously received from the lender. The three days also gives you time to ask your lender any questions before you go to the closing table.

If you’re making an all-cash purchase, there will not be a closing disclosure, however the escrow agency will prepare a Settlement Statement detailing your closing costs.

Click here to review a Buyer’s Guide to Closing Costs.

Final Walk-through

Before you sign closing documents, you’ll have an opportunity option to conduct a pre-closing walk-through of the property. This is the opportunity to ensure the property is still in the same physical condition as when you executed the purchase contract.

You’ll also confirm any negotiated repairs have been completed, either through your own visual inspection, a professional re-inspection, or by reviewing repair receipts and warranties provided by the seller.

Recording and Closing Escrow

Expect to sign your closing and loan documents the morning of the scheduled closing date, or (ideally) a day or two prior — that’s also the day you’ll bring a certified check or arrange a wire transfer to cover the balance of your down payment and closing costs. On closing day, once all documents are signed by both the buyer and seller, and funds have been received from all sources (you and your lender), the escrow agency will “record” the deed with the county, transferring ownership, and enabling you to take possession of your new home!

Note: In Arizona, “closing” doesn’t officially occur until the deed is recorded by Pima County, which can be anytime between 8:30 a.m. and 5 p.m.. Since you can’t receive keys until the sale is recorded, it’s best to plan movers and other appointments for the day after closing.

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"Very professional in his approach. Very organized in his scheduling of home tours and knowledgeable of Green Valley and Quail Creek. We highly recommend Russ for all of your real estate searches. "
- J.S., Green Valley AZ
"Russ has done excellent work for us. I have purchased several homes over the years and he is the best I have worked with. We chose Russ on a recommendation from a family member. He didn’t try to sell us on him or his firm. No “fluff talk”, pestering, unnecessary calls, emails or text. Instead, he showed us properties we were interested in and some that we were not aware of. Never felt the least bit of pressure. He was very patient, pleasant and responsive. He has a very relaxed yet professional style. He explained everything in a manner that was easy to understand and we felt very secure throughout the process. He is the best ever. In our mind he is the gold standard of what a Realtor should be."
- N.L., Green Valley AZ
"Russ Fortuno not only made our Green Valley AZ home purchase happen, he made it easy. We live in Eastern Washington and wanted to buy a vacation home in Green Valley but were apprehensive about buying a property without physically seeing it. Russ made the process easy. He supplied us with walk-through videos of every property we showed interest in, paying special attention to any issues the property might have. By the time we actually saw the property we were purchasing, we felt like we had been there a number of times. Russ walked us through the buying process from beginning to end! We highly recommend Russ and will use him for all or our real estate needs."
- D.W., Chattaroy, WA
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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and year-round Green Valley resident. Whether you’re buying or selling a home in the Green Valley or Sahuarita area, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
Contact Russ

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