Buyers Checklist

Real Estate Agent with The Real Estate Power Houses



Buying a home can be a confusing and tedious process- closing should not be!  By completing this form, you may avoid possible last minute delays. 



1.  CONTRACT EXECUTED- All Parties who have any potential interest in owning the property (i.e., husband and wife) have executed the contract and the effective date is complete.


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


3.  NEW SURVEY- If Seller or Buyer is purchasing a new survey, arrangements have been made for its completion and a copy sent to the Title Officer.


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


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


5.  RESIDENTIAL SERVICE CONTRACT- Residential Services Contract has been ordered, if applicable, or Title Officer has been provided a copy of the invoice.  Title Officer has been made aware of any upgrades to the Residential Services Contract to be paid for by the Buyer at closing.


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


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


8.  COMMISSION/ SPLIT- 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.  LENDER INFORMATION- A loan will be used to purchase the house.  Title Officer has been provided the mortgage broker or lender's name, phone, fax and e-mail.


10.  MARITAL STATUS- Buyer's marital status has been determined and disclosed.


11.  TRUST/ BUSINESS ENTITY- Buyer is a trust, partnership or other legal entity and appropriate documentation sent to title.


12.  SELLER PAID COSTS- Seller paid closing costs are clear and based off a good faith estimate provided by the Lender.  Buyer is clear that any extra Seller paid funds will be refunded to the Seller.


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


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


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


16.  CLOSING FUNDS- Buyer will provide any funds required at close in the form of a wire or cashier's check (if the funds total more than $1,499.99).


17.  KEYS- Buyer understands that keys, other access materials and possession of the house cannot take place until the lender has provided the loan funds and authorization to disburse.



Comments (5)

Richard Weeks
Dallas, TX
REALTOR®, Broker


Thanks for sharing.  It is a good idea to have systems in place.  Checklist are a vital part of ones system.

Oct 27, 2008 10:30 AM
Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

It's a very good list. Thank you for sharing. I have something very similar that I use for my checks and balances.

Oct 27, 2008 11:14 AM
Neal Barnes
Starstate Realty - Killeen, TX

Hi Jese   -  Wheere did you get that card at the bottom of your post?  I sure would like to have one. Thanks, Have a Great Day!!!


Nov 01, 2008 04:48 PM
Mike Wong
Keller Williams Realty Southwest - Sugar Land, TX
Realtor: Commercial, Residential, Leasing, Invest

Jese your clients and consumers here on AR should really appreciate the information you are providing, keep up the excellent work!

Nov 02, 2008 03:07 PM
Jese Gonzalez
The Real Estate Power Houses - El Paso, TX
The Real Estate Matchmaker

Richard--I totally agree. I live by checklists every single day. It's the "Type A" characteristic in me.

Loreena--Thanks for your comment. What additional information do you have in your checklist? Would you mind sharing?

Neal--I have a post titled "Electronic Business Card" that explains how to attach this e-business card. I use it on all outgoing emails and posts. I've had tons of people use it. I guess they like to try it out to see if it really works. They are shocked when I respond back within seconds. Send me a text!

Mike--Thaks for the compliment! I appreciate it.

Nov 03, 2008 02:32 AM