How do you ensure a smooth and timely key exchange with the sellers and the title company?

You've found your dream home, negotiated the price, and passed the inspection. Now you're ready to close the deal and get the keys to your new place. But how do you ensure a smooth and timely key exchange with the sellers and the title company? Here are some tips to avoid any last-minute surprises or delays.

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1 Schedule the final walk-through

The final walk-through is your chance to check that the property is in the same condition as when you made the offer, and that the sellers have completed any agreed repairs or improvements. You should schedule the final walk-through at least 24 hours before the closing date, and preferably on the same day. This way, you can catch any issues or discrepancies before signing the papers and handing over the money.

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Tom Braatz 262-377-1459

Residential/Commercial Specialist/Business specialist.Short Sale/REO Real Estate Broker. Business & SBA Specialist
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If the property is not in the same shape as called for in the offer and you bring it up that you did your walk through and you’re told by anyone that it will get rectified by closing get it in writing

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Tom Braatz 262-377-1459

Residential/Commercial Specialist/Business specialist.Short Sale/REO Real Estate Broker. Business & SBA Specialist
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Make sure early that everyone is on the same page and no one drops the ball. Too many times there are nightmares because someone didn’t do what they should have

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2 Confirm the closing details

The closing is the final step of the home buying process, where you sign the legal documents, pay the remaining balance, and receive the title and deed to the property. The closing usually takes place at the title company's office, or sometimes at an attorney's office or a neutral location. You should confirm the closing date, time, and location with your agent, the seller's agent, and the title company at least a week in advance. You should also verify what documents and forms of payment you need to bring to the closing.

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Tom Braatz 262-377-1459

Residential/Commercial Specialist/Business specialist.Short Sale/REO Real Estate Broker. Business & SBA Specialist
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Verify ahead of time that you expect all the keys at closing snd don’t assume it. There are times that extra keys are out there snd they shouldn’t be

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3 Arrange the key transfer

At the key transfer moment, you officially become the owner of the property and can access it. The method of key transfer is determined by the agreement between you and the sellers. Typical options are leaving the keys at the title company's office for you to pick up after closing, handing them over to you or your agent at the closing or right after, or leaving them in a lockbox or secure location with a code or instructions for access. It's important to discuss and confirm the key transfer method with the sellers and their agent before closing, and to inquire about any extra keys, garage door openers, or security codes that come with the property.

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4 Change the locks

Once you have the keys to your new home, you should change the locks as soon as possible. This is a simple and inexpensive way to ensure your safety and security. You never know who else might have a copy of the keys, or whether the previous owners changed them regularly. You can hire a locksmith or do it yourself, depending on your preference and budget.

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Tom Braatz 262-377-1459

Residential/Commercial Specialist/Business specialist.Short Sale/REO Real Estate Broker. Business & SBA Specialist
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Hands down change the locks . Change the locks by buying new locks for all the doors and change your garage door code immediately

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5 Enjoy your new home

Congratulations, you've made it to the end of the home buying journey! Now you can enjoy your new home and start making it your own. Whether you want to paint the walls, hang some pictures, or throw a housewarming party, you have the freedom and flexibility to do it. You've earned it!

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Diana Turner

A Top 12 Producer at Vista Sotheby's Intl. Realty
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A seasoned Realtor has great loan people to fit the best loan for the client and all the right people in place for a smooth escrow. This includes a top escrow officer, title company executive, etc. who all work in concert together. The Realtor keeps the client reminded of important deadlines and guides them through the process.

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How do you ensure a smooth and timely key exchange with the sellers and the title company?

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1 Schedule the final walk-through

2 Confirm the closing details

3 Arrange the key transfer

4 Change the locks

5 Enjoy your new home

6 Here’s what else to consider

Working with First-Time Home Buyers

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