Closing Checklist
Real Estate closing checklist
FROM BUYER
☐ 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
☐ Provide COMPLETE, correctly spelled names of all buyers and marital status
FROM SELLER
☐ 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.