Checklist: Closing Day
[Your Company Name]
Prepared by: [Your Name]
Objective
Creating a Closing Day Checklist is essential for ensuring that all necessary tasks are completed efficiently during the final stage of a real estate transaction, whether you're the buyer, seller, or real estate agent. The objective of this checklist is to provide a structured and comprehensive guide to manage and complete all the critical actions required on closing day, ultimately leading to a smooth and successful property transfer.
| Property Inspection and Appraisal |
|---|
| Conduct a Home Appraisal - Ensure appraisal is scheduled and completed. |
| Arrange a Final Walkthrough - Schedule this 24 hours before closing to verify property condition. |
| Acquire the Certificate of Occupancy - Necessary for newly constructed homes. |
| Verify Property Inspection Outcome - Confirm all inspections are complete and satisfactory. |
| Address any Discovered Issues - Negotiate repairs or credits for any issues found. |
| Payment and Settling Accounts |
|---|
| Confirm Payment of Closing Costs - Check amounts and recipients. |
| Check Mortgage Paperwork - Ensure the accuracy of loan details and terms. |
| Manage the Escrow Account - Verify funds are correctly allocated. |
| Assure Receipt of Earnest Money - Confirm deposit is accounted for. |
| Secure Receipt of Settlement Statement - Review the document for accuracy before closing. |
| Legal and Title Transfer |
|---|
| Prepare the Deed of Trust - Confirm document is ready and accurate. |
| Make Arrangements with the Notary - Schedule a notary for document signing. |
| Assure all Legal Documents are Signed - Verify completion of all necessary paperwork. |
| Contact the Closing Agent - Ensure they have all the needed documents and information. |
| Arrange for Title Transfer - Confirm the process is set for the title to be transferred. |
Checklist Templates @ Template.net
