Seller’s Home Closing Checklist
by Sandy Gadow, Author, President, EscrowHelp.com
- Have you removed all your personal property items?
- Have you left the property in the condition you promised you would?
- Is the Sale Price and payoff information correct on your closing documents?
- Were you given credit for any items agreed upon to be credited to your account?
- Is a satisfaction of mortgage or payoff document being prepared for your old loan?
- If you will be signing a Bill of Sale for personal property items, are those correct?
- Are the prorations correct? Check the dates on these debit and credit items.
- Do you know what day you must vacate the property? Is it the day of closing?
- Have you agreed to perform any repairs or other work before or after closing?
- Are the title and closing costs as you understood them to be?
- Is the attorney fee, closing agent, transfer tax, or title insurance fees correct?
- Did you correctly make any disclosures as required by your state or federal law to the new buyer? Or, did you sell the property in “as is” condition?
- If there was a Realtor involved in the sale, is that fee correct?
- Is any money being held back in escrow on your behalf? If so, how and when will it be released?
Copyright Sandy Gadow. All rights reserved. Sandy Gadow, president of Escrow Publishing Company, is a nationally recognized author and expert on escrow and title insurance, with 25 years in the industry. Sandy has appeared on CNN's "Open House" show as a commentator covering real estate and her articles have appeared in the Washington Post and other regional newspapers. Sandy is a member of the National Association of Real Estate Editors, the California Escrow Association, and a member of the National Advisory Councils for GoGetEscrow.com, GoGetLoan.com, GoGetNotary.com and GoGetRealEstate.com. For more information, go to www.escrowhelp.com or visit GoGetEscrow.com/Get/SGadow.