Closing Day Checklist
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 |
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Conduct a Home Appraisal - Ensure appraisal is scheduled and completed. |
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Arrange a Final Walkthrough - Schedule this 24 hours before closing to verify property condition. |
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Acquire the Certificate of Occupancy - Necessary for newly constructed homes. |
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Verify Property Inspection Outcome - Confirm all inspections are complete and satisfactory. |
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Address any Discovered Issues - Negotiate repairs or credits for any issues found. |
Payment and Settling Accounts |
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Confirm Payment of Closing Costs - Check amounts and recipients. |
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Check Mortgage Paperwork - Ensure the accuracy of loan details and terms. |
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Manage the Escrow Account - Verify funds are correctly allocated. |
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Assure Receipt of Earnest Money - Confirm deposit is accounted for. |
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Secure Receipt of Settlement Statement - Review the document for accuracy before closing. |
Legal and Title Transfer |
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Prepare the Deed of Trust - Confirm document is ready and accurate. |
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Make Arrangements with the Notary - Schedule a notary for document signing. |
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Assure all Legal Documents are Signed - Verify completion of all necessary paperwork. |
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Contact the Closing Agent - Ensure they have all the needed documents and information. |
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Arrange for Title Transfer - Confirm the process is set for the title to be transferred. |
