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Sellers Checklist

By
Real Estate Agent with The Real Estate Power Houses

SELLER CHECKLIST

 

Selling a home can be a confusing and tedious process- closing should not be!  Here's a checklist of wants needs to be done to go from Contract to Closing.

 

ITEM NEEDED

CHECK IF PROVIDED TO TITLE

1. CONTRACT EXECUTED-  All Parties who have an interest in the property have executed the contract and the effective date is complete.

 

2.  SURVEY- Seller has agreed to provide existing survey; both survey and the Residential Real Property Affidavit have been provided to Buyer and Title Company.

 

3.  HOMEOWNER ASSOCIATION- If the property is located in a home owner association, a resale package and resale certificate have been provided to Buyer's Agent and Title Officer.

 

4. SELLER DISCLOSURE- Seller's Disclosure has been provided to Buyer's Agent, if applicable.

 

5.  RESIDENTIAL SERVICE CONTRACT- A residential service contract has been negotiated and has been ordered, if applicable and Title Officer has been provided a copy of the invoice.

 

6.  LEGAL NOTICE- Paragraph 21 is complete with information for Seller and Buyer for legal notice to be sent to the Parties under the contract.

 

7.  CONTACT INFORMATION- Broker/ Agent information complete on the contract and provided to Title Officer.

 

8.  COMMISSION/ SPLIT- Complete commission has been disclosed to title and a Commission Disbursement Authorization has been sent from the Broker, if applicable. Buyer's Agent split commission is disclosed clearly (i.e., if there is a certain percentage on one portion of the sales price and another percentage on the balance)

 

9. PAYOFF- A loan payoff will be made at closing.  Title Officer will need the payoff lender, the loan number, a social security number and a contact number in order to request a current payoff.

 

10.  MARITAL STATUS- Seller's marital status has been determined and disclosed to Title Officer.

 

11.  ESTATE/ TRUST- Seller is an estate or trust and appropriate documentation sent to Title Officer.

 

12.  SELLER PAID COSTS- Seller paid closing costs are clear and based off a good faith estimate.

 

13.  IDENTIFICATION- Sellers have a current, valid government- issued identification card to provide at closing.

 

14.  MAIL OUT- Seller is located out of town for closing and e-mail or overnight mail information has been provided.

 

15.  POWER OF ATTORNEY- Seller is planning on using a Power of Attorney.  The original has been located and provided to the Title Officer or Title Officer has been notified to prepare a new power of attorney.

 

16.  FORWARDING CONTACT INFORMATION- Seller's forwarding address and Social Security Number (for form 1099) have been provided.

 

17.  SALES PROCEEDS-  Seller would like his sales proceeds wired and written wire instructions have been provided OR Seller would like his sales proceeds in a hard check and an overnight mailing address has been provided.

 

18.  KEYS-  Keys and any other access materials have been provided (or other arrangements made) to agent once funding has occurred.