Close of escrow

Closing Day in NYC

If you’ve made it this far, congratulations are almost in order but a few final steps remain before the sale is officially complete.

Final Walk-Through

Usually conducted the day before or morning of closing, the final walk-through allows the buyer to confirm that:

• The property is in the same condition as when last seen.
• Any agreed-upon repairs have been completed.
• No unexpected damage or personal items remain.

For co-ops and condos, this often takes just 15–30 minutes but is still an important safeguard before funds change hands.

Canceling Services & Utilities

In NYC, this often means contacting:

• Con Edison for electricity and gas
• National Grid (in some boroughs) for gas
• Internet/cable providers (Spectrum, Verizon Fios, etc.)
• Building management (for co-ops/condos) to transfer or cancel building services such as maintenance auto-payments

We’ll provide you with a complete checklist to ensure all services are transferred or closed on the correct date.

Being Prepared for the Unexpected

Even at this stage, surprises can happen, anything from a last-minute repair request to a delay in the buyer’s mortgage funding. We have experience navigating these hiccups quickly to keep your sale on track and stress-free.

The Closing Appointment

In NYC, closings are almost always handled by attorneys in person at a title company office, the managing agent’s office, or one of the law offices involved. At the table, you can expect:

• Review and signing of the settlement statement (detailing all financial transactions)
• Delivery of certified checks or wire transfers for your net proceeds
• Exchange of keys, building access cards/fobs, and any appliance or system manuals
• For co-ops, handing over the stock certificate and proprietary lease

If you can’t attend, your attorney can often close on your behalf with prior written authorization.