Closing on Your Market Property

Closing Day

When you're satisfied with the final walk-through, it's time to close. Closing typically takes place at the office of the title company or closing attorney.

At closing, you'll:

• Sign your loan documents (if financing the purchase)
• Sign the settlement agreement detailing all financial transactions
• Provide the balance of your down payment and closing costs
• Receive copies of all signed documents
• Receive the keys to your new property

Funds for the down payment and closing costs can be provided as a certified bank check brought to closing, or wired electronically to the escrow account in advance. Most closing agents prefer wire transfer because it eliminates the risk of check delays.

Once all documents are signed and funds are disbursed, the deed is recorded at the County Recorder's office. At that point, you officially own the property.

After Closing

Congratulations — you now own the property. A few practical steps to handle in the days following closing:

• Change the locks as soon as possible after taking possession
• Set up utilities in your name if not already transferred
• File your homestead exemption (if applicable to your situation in Market)
• Update your insurance to reflect the actual closing date
• Keep your closing documents in a safe place — you'll need them for tax filing and any future sale

For investment property buyers, this is also the moment to activate property management if you've decided to use it. Our team can take over operational responsibility immediately after closing, with tenant relations, maintenance dispatch, and financial reporting starting from day one.