Closing questions - wire transfer of funds, utilities, etc
So, fingers crossed, we are scheduled to close on our Minnesota house this Wednesday. I have a few questions.
1) As sellers, we have to pay a large sum of money at closing, which will be coming from our savings account. Our closing agent told us not to worry about certified checks or whatever - that we should do a wire transfer on Monday directly to the buyer's closing agent. Does that sound right? It seems odd to send the money to the buyer's agent 2 days prior to close. What happens if we don't close? I thought all monies were to be transferred at the time of closing. Since my bank is out of state, I don't even know if I can get a certified check for that large amount at this late date.
2) What about utilities, phone, etc? Do I need to schedule a last meter reading? When do I have all that turned off? And is that paid at closing or do I get a final bill from the companies later?