Closing Checklist
Designed by:
[YOUR NAME]
Purpose:
This checklist is designed to be completed before the actual closing, providing a structured approach to verify that all necessary preparations, legal obligations, and logistical details have been addressed and serves as a valuable tool to minimize oversights and facilitate a seamless closing process.
Agreement Review
This section focuses on reviewing the purchase agreement to ensure accuracy and compliance.
No | Activities | Status |
1 | Thoroughly read the purchase agreement | |
2 | Double-check the property's details in the agreement | |
3 | Ensure the agreed price & terms are correct | |
4 | Review closing date and timeframe | |
5 | Check contingency clauses | |
Financing Confirmation
This segment addresses the verification of financing details and ensuring funds are in place.
No | Activities | Status |
1 | Verify mortgage approval | |
2 | Confirm down-payment amount | |
3 | Prepare the final amount for closing costs | |
4 | Ensure Assurance of funds availability | |
5 | Reconfirm interest rates and loan terms | |
Final Walkthrough and Inspection
In this division, tasks necessary for a final walkthrough and property inspection are laid out.
No | Activities | Status |
1 | Schedule the final walkthrough | |
2 | Check for any undisclosed damage | |
3 | Test the functioning of appliances, HVAC systems, etc. | |
4 | Ensure resolved agreements from the home inspection | |
5 | Assess the cleanliness and condition of the property | |
Documentation Preparation
This section highlights tasks associated with the preparation and verification of essential documentation.
No | Activities | Status |
1 | Prepare your ID and Social Security Number | |
2 | Gather all mortgage-related documents | |
3 | Obtain proof of homeowners insurance | |
4 | Keep a copy of the contract and any addendums | |
5 | Prepare funds transfer method for the closing amount | |
Checklist Templates @ Template.net
