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Avoid Problems at Closing by Using this Checklist! - blog post image

Avoid Problems at Closing by Using this Checklist!

 

Buying or selling real estate is a big deal. Each transaction that we have the opportunity to work with our clients on is important to us. 

Avoid running into any problems during your closing by using this simple checklist!

 

Closing Checklist

 ___Fill out your closing control sheet.

___Provide payoff information from the seller.

___Provide Social Security numbers to eliminate additional requirements. This often is necessary when ordering payoffs.

___Is there a homeowners’ association? If so, please provide its name and number. Is there a sub-association?

___Is there an estate/trust? Is there an attorney?

___Have one of the sellers passed away? Were they in title as joint tenants or tenants in common?

___Provide all amend/extends and counterproposals.

___Provide the inspection resolution. Are there any items to be credited or escrows to be held?

___Is this going to be a mail out to the buyer or seller?

___Commission Disbursement: are you holding, withholding or bringing earnest money to closing?

___Power of attorney? Let us know.

___Is this a 1031 exchange and, if so, what is the name of the company?

 

 

Contact us for more information on the escrow process, title insurance and to find out why Bankers Title is the right closing company for you. 

 

 

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