Handling the Closing on Your Home in Your Relocation
I often get asked by people who are moving to Carlsbad, or nearby, from out of the area – How do we handle closing? Do we have to be here?
You might also know it as settlement, if you are from another state, but closing here in Carlsbad, and throughout Southern California, is pretty easy to handle.
[see the video at the bottom of the page]
You don’t sit around a table, sign papers and exchange keys as they do in some states. It all happens behind the scenes, and you don’t even need to be here. Which can work out well if you are relocating from a distance.
You can sign all the documents needed for a transaction electronically (using Docusign, as one example). The exception would be loan documents, if applicable, which need to be signed before a notary. That can be done at your work or your home using a mobile notary if you are not in the area, then over-nighted to the lender.
Once escrow has all signed paperwork from both parties, and the funds you are required to provide (the balance of your down payment and closing costs), plus your lender has “funded” (i.e., they have wired the money you are borrowing), the documents will be released for recording at the records office.
NOTE: Normally the funds need to be in and verified the day before the intended closing date but in some cases they could be received that morning and the records office will do a “special recording” later in the day.
You might hear as early as 9 or 10 in the morning that “we are on record” or it may not be until the end of the business day.
If you are relocating and will be closing in a different state, check with your agent as to how this must be handled so you are prepared. Each state is different, and sometimes the process varies regionally.
Need more relocation tips? Check out my Relocation A to Z Blog. I am happy to help from start to finish with your relocation here to SoCal, or with a move out of this area.
Check out the complete Relocation Tips and Advice video series on YouTube
If you are moving someplace outside SoCal, I can still assist you. I have a large network of highly qualified agents around the country that I know, and can make an introduction to the right person to help find your new home and/or sell your current one.
Here are the prior articles (with videos) in this series in case you missed them:
Video #16 – Can You Make a Contingency Offer in Your Relocation?
Video #15 – Making an Offer in Your Relocation
Video #14 - Top Tips for Searching for a Home Online in Your Relocation
Video #13 – Preparing for the Move in Your Relocation
Video #12 – Relocating with Pets
Video #11 – Making the Most of Your House Hunting Trips in Your Relocation
Video #10 – Help Your REALTOR® Help You in Your Relocation
Video #9 – Finding School, Crime and Other Information During Your Relocation
Video #8 – Packing for your Relocation: Do It Yourself or Not
Video #7 – Making Your List and Checking it Twice: Your Relocation Checklist That Is
Video #6 – Questions to Ask Your Movers
Video #5 - Buying vs. Renting When Relocating to Your New Home
Video #4 – Finding the Right REALTOR® to Help in Your Relocation
Video #3 – Moving with a Relocation Package
Video #2 – Getting Pre-Approved
Video #1 – Relocation Expenses
Introduction to Relocation Tips Video Series
