Real Estate Closing Checklist Form PDF Details

Embarking on the journey of buying or selling property marks a significant milestone in one’s life, filled with both excitement and intricate details that require careful attention. Central to navigating this complex process is the Real Estate Closing Checklist, a comprehensive form designed to streamline the transaction and ensure all necessary steps are taken to proceed to a successful closing. This checklist addresses a wide range of critical elements, from the initial earnest money check indicating the buyer's commitment, to the listing and selling details, covering both the buyer's and seller's agents, attorneys involved, and the crucial financial considerations such as the non-resident income withholding tax for out-of-state sellers. It guides through property inspections, ensuring all appliances, plumbing, and electric systems are evaluated and necessary repairs ordered, facilitating the smooth transfer of utilities and ensuring all insurance needs are met. The checklist encompasses loan application procedures, deed preparation, survey orders, and the handling of condominium specifics including homeowner association notifications and rental information. Crucial to finalizing the transaction, it ensures all sales contract contingencies are met, reviews and prepares closing statements for accuracy, and even after closing, maintains the relationship through thank you letters and fund disbursement. Adherence to this checklist by real estate professionals not only minimizes potential pitfalls during the transaction but also enhances the overall efficiency and experience for both buyers and sellers in the dynamic real estate market.

QuestionAnswer
Form NameReal Estate Closing Checklist Form
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other namesreal estate transaction checklist, best real estate closing online checklist form, file c users samuel documents real estate active buyer seller, real estate transaction checklist pdf

Form Preview Example

CLOSING CHECKLIST

PROPERTY ADDRESS

 

 

 

 

 

LISTING COMPANY

 

SELLING COMPANY

SALESAGENT

 

SALESAGENT

 

SELLER

 

 

BUYER

 

 

 

 

 

 

 

SELLER'S ATTORNEY

 

BUYER'S ATTORNEY

 

 

 

 

 

 

 

 

 

 

 

* DO NOT FORGET TO NOTIFY OUT-OF-STATE SELLERS OF THE NON-RESIDENT

 

 

 

 

INCOME WITHHOLDING TAX *

_____1.

EARNEST MONEY CHECK

 

 

 

 

 

_____A. Deposited/Date

 

 

 

 

 

 

_____B. Transfer to Closing Attorney

 

 

 

 

 

_____C. Other

 

 

 

 

 

_____2.

MULTIPLE LISTING SERVICE

 

 

 

 

 

Computer

Forms

 

_____A. Contingency Pending

_____A. Change of Status

 

_____B. Pending

_____B. Other

 

_____C. Sold

 

 

 

 

_____3.

PUT UP SOLD SIGN

 

 

 

 

_____4.

REMOVE LOCK BOX

 

 

 

 

_____5.

ORDER TERMITE INSPECTION

 

 

 

 

 

_____A. Transfer Termite Bond Protection

 

_____B. Pest Control Protection

 

 

 

 

 

_____C. Other

 

 

 

 

 

_____6.

PROPERTY INSPECTION (Order any repairs needed)

 

_____A. Appliances

_____F. Roof

 

_____B. Furniture

_____G. Miscellaneous Convey Items

 

_____C. Window Treatments

_____H. Removal of Non-Convey

 

_____D. Plumbing

_____I. Other

 

_____E. Electric

 

 

 

 

_____7.ARRANGE TRANSFER OF UTILITIES, ETC.

 

UTILITY

COMPANY

CONTACT

DATE

 

 

 

 

 

 

Electricity

 

 

 

 

 

 

 

 

 

Water

 

 

 

 

 

 

 

 

 

Sewer/Septic Tank

 

 

 

 

Tap Fee

 

 

 

 

Impact Fee

 

 

 

 

Septic Tank

 

 

 

 

Approval

 

 

 

 

 

 

 

 

 

Cable TV

 

 

 

 

 

 

 

 

 

Telephone

 

 

 

 

 

 

 

 

 

Garbage

 

 

 

 

 

 

 

 

 

Gas

 

 

 

 

 

 

 

 

 

Mail

 

 

 

 

 

 

 

 

 

Security

 

 

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

Form 350 PAGE 1 OF 2

_____8.

INSURANCE

 

 

 

 

 

 

 

 

 

 

 

AGENCY

 

 

 

 

CONTACT

DATE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Flood

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wind, Storm, & Hail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fire (Hazard)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

____9. LOAN APPLICATION

 

 

 

 

 

 

 

 

 

 

 

COMPANY

 

PROCESSOR

DATE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Assumption

 

 

 

 

 

 

 

 

 

 

 

 

 

Prorate Interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Mortgage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Mortgage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

____10.

ORDER DEED PREPARATION

 

 

 

 

 

 

 

 

_____A. Name as it should appear on deed

 

 

 

 

 

 

 

 

 

_____B. Does Seller want Buyer's Attorney to prepare deed?

 

 

 

 

_____C. Does Buyer want Title Insurance?

 

 

 

 

 

 

 

 

_____11.

ORDER SURVEY

 

 

 

 

 

 

 

_____12.

RENTAL INFORMATION

 

 

 

 

 

 

 

 

_____A. Sign Management Agreement/or Withdraw From Rental Program

 

 

 

_____B. Sign Interest Agreement

 

 

 

 

 

 

 

 

_____C. Lock Box Agreement for Buyer

 

 

 

 

 

 

 

 

_____D. Refund Lock Box Fee to Seller

 

 

 

 

 

 

 

 

_____E. Check with Bookkeeper for Outstanding Bills

 

 

 

_____13.

CONDOMINIUMS

 

 

 

 

 

 

 

 

_____A. Notify Home Owners Association

 

 

 

 

 

 

 

 

_____B. Transfer Name and Address

 

 

 

 

 

 

 

 

_____C. Outstanding Balance/Prorated Rents

 

 

 

 

 

 

 

 

_____D. Transfer Rent Securities

 

 

 

 

 

 

 

_____14.

REVIEW SALES CONTRACT TO BE SURE ALL CONTINGENCIES HAVE BEEN MET

_____15.

SELLER SIGN LEASE AGREEMENT IF REMAINING IN HOUSE/CONDO

 

 

_____16.

CLOSING STATEMENT REVIEW

 

 

 

 

 

 

 

 

_____A. Check Addition and Subtraction

 

 

 

 

 

 

 

 

_____B. Transfer Rent Securities

 

 

 

 

 

 

 

 

_____C. Interest Prorated

 

 

 

 

 

 

 

 

_____D. Earnest Money Transferred to Closing Attorney

 

 

 

 

_____E. Go over Closing Statement with Buyer

 

 

 

 

 

 

 

 

_____F. Go over Closing Statement with Seller prior to Closing

 

 

 

 

_____G. Termite Inspection fee

 

 

 

 

 

 

 

 

_____H. Reminder: Signed Agency Disclosure

 

 

 

 

 

 

 

_____17.

KEYS

 

 

 

 

 

 

 

 

_____A. Get Keys from Seller

 

 

 

 

 

 

 

 

_____B. Give Keys to Buyer

 

 

 

 

 

 

 

 

 

 

AFTER THE CLOSING

 

 

 

_____1.THANK YOU LETTERS TO BUYER AND SELLER. PERIODIC FOLLOW UPS ARE NICE!

 

 

_____2.

DISBURSE FUNDS

 

 

 

 

 

 

 

 

_____A. Selling Agent

 

 

 

 

 

 

 

 

_____B. Listing Agent

 

 

 

 

 

 

 

 

_____C. Referral

 

Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The foregoing form is available for use by the entire real estate industry. The use of the form is not intended to identify the user as a REALTOR®. REALTOR® is the registered collective membership mark which may be used only by real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® and who subscribe to its Code of Ethics. Expressly prohibited is the duplication or reproduction of such form or the use of the name "South Carolina Association of REALTORS®" in connection with any written form without the prior written consent of the South Carolina Association of REALTORS®. The foregoing form may not be edited, revised, or changed without the prior written consent of the South Carolina Association of REALTORS®.

© 2002 South Carolina Association of REALTORS®. 01/02

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part 1 to filling in real estate transaction checklist pdf

In the EARNEST MONEY CHECK A, ARRANGE TRANSFER OF UTILITIES ETC, cid, UTILITY, COMPANY, CONTACT, DATE, Electricity, Water, SewerSeptic Tank Tap Fee Impact, Cable TV, Telephone, Garbage, and Gas area, jot down your details.

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Jot down any particulars you may need inside the section Mail, Security, Other, and Form PAGE OF.

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Within the section INSURANCE, cid, AGENCY, CONTACT, DATE, Flood, Wind Storm Hail, Fire Hazard, LOAN APPLICATION, cid, COMPANY, PROCESSOR, DATE, Loan Assumption Prorate Interest, and First Mortgage, identify the rights and obligations of the sides.

Completing real estate transaction checklist pdf stage 4

Complete the form by analyzing the next sections: ORDER DEED PREPARATION A Name as, AFTER THE CLOSING, THANK YOU LETTERS TO BUYER AND, DISBURSE FUNDS A Selling Agent B, and The foregoing form is available.

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