How To Prepare For A Smooth Closing

Print this list out to help you.

FROM BUYERS:

     Provide COMPLETE, correctly spelled names of all buyers and marital status

     Lender/Broker name and phone number

     If property is to be homesteaded, both husband and wife needs to attend closing

     If there are two buyers and both are single, will they take title as Joint Tenants with Rights of Survivorship OR as Tenants in Common

     Will this transaction be a mail away to any of the buyers, provide mailing address if buyer does not intend to occupy property as homestead

     Homeowner’s Insurance/ Invoice and Flood Insurance if applicable, with Invoice WDO/Termite Inspection Report and Invoice

     Repair invoices, if any, to be paid at the time of closing

     If a Power of Attorney is to be used by any party; both Title Company and the lender MUST approve it.

     Clean windows and window coverings throughout

     Make sure all plumbing and appliances are in working order

     Make sure all sealants (window, tub, shower, sink, etc.) are in good condition

     Make sure roof and gutters are in good condition and clean; no repairs needed

     Make sure lawn doesn’t look like it needs mowing, plant flowers and spruce up mulch or refresh beds etc. with new mulch

     Keep outdoor pet areas clean and any pet droppings picked up

FROM SELLERS:

   Kitchen and bathroom should be spotless

   Close all toilet lids

   Quick once-over with the vacuum; all carpets should be clean – Shampoo if necessary

   Add air Fresheners / Plug-ins

   Keep trash cans empty

   Place fresh flowers in the main rooms

   Put dishes away, unless setting a formal display for decoration

   Get rid of anything you don’t need or use, or store it off-site

   Make sure all beds are made and all clothes put away

   Provide COMPLETE, correctly spelled names of all sellers, marital status and Social Security numbers

   If property is homestead of sellers BOTH husband and wife must attend closing

   Forwarding address for seller

   Will this transaction be a mail away to any of the sellers

   Copy of existing survey

   Copy of prior Owner’s Policy of Title Insurance

   Loan numbers, name of lender and phone numbers for ALL outstanding mortgages, 2nd mortgages and lines of credit to be paid off at closing

   Name and contact for any active Homeowner’s Association

   Repair invoices to be paid at the time of closing

   If a Power of Attorney is to be used for any party, it MUST be approved by Title Company

AT CLOSING:

   All parties to bring TWO forms of identification. One from MUST include a photo and signature ( i.e., drivers license, passport )

   Funds needed for closing can be wired ( for which a fee will be charged ) or can be in the form of a CASHIERS CHECK payable to Title Company

   Do any of the parties have special needs ( i.e. translator, wheelchair access, etc )

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