Seller Contract to Close Checklist

This Checklist outlines important steps to be completed by the Seller in preparation for the closing of the real estate transaction.

Property Details:

- Property Address: [Insert Property Address]

- Seller: [Insert Seller's Name(s)]

- Buyer: [Insert Buyer's Name(s)]

- Settlement Date: [Insert Scheduled Closing Date]

Pre-Closing Tasks: 

  1. Review Sales Contract: Review the executed sales contract and ensure all terms and conditions are understood.
  2. Contact Title Company: Communicate with the title company handling the transaction to provide necessary information and documentation.
  3. Gather Documentation:

   - Deed to the property

   - Title insurance policy (if applicable)

   - HOA documents (if applicable)

   - Mortgage payoff information (if applicable)

   - Home warranty documents (if applicable)

   - Property tax information

   - Any other relevant documents requested by the title company or buyer's attorney.

Property Preparation:

  1. Repairs and Inspections: Ensure any repairs or agreed-upon inspections are completed as per the sales contract.
  2. Utilities: Coordinate utilities transfer or disconnect dates with the buyer and utility companies.
  3. Homeowners Association (HOA): Coordinate with the HOA to obtain any necessary resale documents and ensure compliance with HOA requirements.

Financial Preparation:

  1. Mortgage Payoff: Contact the mortgage lender to obtain the exact payoff amount and confirm procedures for loan payoff at closing.
  2. Property Taxes and Liens: Ensure any outstanding property taxes, liens, or judgments are addressed prior to closing.
  3. Closing Costs: Understand and prepare for expected closing costs, including agent commissions, transfer taxes, title fees, and other applicable expenses.

Day of Closing:

  1. Attend Closing: Plan to attend the scheduled closing appointment at the title company or attorney's office.
  2. Bring Identification: Bring a valid form of identification (e.g., driver's license, passport) to the closing.
  3. Sign Documents: Review and sign all necessary closing documents, including the deed, settlement statement, and other legal forms.
  4. Receive Funds: Ensure receipt of funds from the sale proceeds as per the terms of the sales contract.

Post-Closing:

Confirm Transfer: Verify that the property has been legally transferred to the buyer.

  1. Notify Service Providers: Inform service providers (e.g., insurance, utilities) of the property transfer and update contact information.
  2. Maintain Records: Keep copies of all closing documents and related correspondence for future reference.