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. |
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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. |
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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. |
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4. SELLER DISCLOSURE- Seller's Disclosure has been provided to Buyer's Agent, if applicable. |
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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. |
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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. |
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7. CONTACT INFORMATION- Broker/ Agent information complete on the contract and provided to Title Officer. |
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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) |
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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. |
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10. MARITAL STATUS- Seller's marital status has been determined and disclosed to Title Officer. |
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11. ESTATE/ TRUST- Seller is an estate or trust and appropriate documentation sent to Title Officer. |
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12. SELLER PAID COSTS- Seller paid closing costs are clear and based off a good faith estimate. |
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13. IDENTIFICATION- Sellers have a current, valid government- issued identification card to provide at closing. |
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14. MAIL OUT- Seller is located out of town for closing and e-mail or overnight mail information has been provided. |
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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. |
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16. FORWARDING CONTACT INFORMATION- Seller's forwarding address and Social Security Number (for form 1099) have been provided. |
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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. |
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18. KEYS- Keys and any other access materials have been provided (or other arrangements made) to agent once funding has occurred. |
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