Selling
Agent’s Checklist for Closing
INITIAL
TRANSMITTAL TO THE SETTLEMENT AGENT
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Complete, Legible Copy of the Ratified Contract
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Contract Addendums and Disclosures
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Contract Amendments
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Commission Information to Include Split and Administrative Fees
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Buyer Contact Info (phone, fax, email, address)
q
Seller Contact Info (whatever information you have at this
point)
q
Listing Agent Contact Info (office phone, cell phone, pager,
fax, email)
q
Lender Contact Info (Loan Officer’s office phone, cell phone,
pager)
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Powers of Attorney (if any)
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Notification of any Special Needs of Buyers
SCHEDULING CLOSING
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Confer with Buyers
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Negotiate Appointment Time with Listing Agent
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Schedule Appointment with Settlement Agent
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Schedule Walk –Through with Buyer and Listing Agent
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Discuss Possession with Listing Agent and Buyer
GENERAL INFORMATION TO BUYERS
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Discuss Loan Process and Cooperation with Lender
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Homeowners (Hazard) Insurance
q
Utility Connections
q
Certified Funds for Closing (Rely on Good Faith Estimate, if
Necessary)
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Arrangements for Child Care (and/or Pet Care)
FOLLOW UP CONTACT WITH SETTLEMENT AGENT
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Contract Amendments
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Invoices to be Paid at Settlement
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Financing Changes
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Last Minute Closing Issues
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Lingering Home Inspection Issues
s
Walk Through “Problems”
s
Possession Disputes
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Listing Agent’s
Checklist for Closing
INITIAL TRANSMITTAL TO THE SETTLEMENT AGENT
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Seller Contact Info (phone, fax, email, address)
q
Seller’s Payoff Information
q
Commission Information to Include Split and Administrative Fees
q
Powers of Attorney (if any)
q
Notification of any Special Needs of Sellers
SCHEDULING CLOSING
q
Confer with Sellers and Selling Agent
q
Schedule Walk –Through with Listing Agent
q
Utility Disconnect – Utilities Must be “On” for Walk-Through
q
Discuss Vacation of Property to Include Timing and Anticipated
Condition of Property
GENERAL INFORMATION TO SELLERS AND/OR PROPERTY REPORTS
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Discuss and Follow-up on Home Inspection Repairs
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Obtain Homeowners or Condominium Disclosure Packages
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Schedule Termite Inspection
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Schedule Well and Septic Inspections (if required)
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Cancel Homeowners (Hazard) Insurance – After Closing
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Arrangements for Child Care (and/or Pet Care)
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Discuss Disbursement of Funds – Occurs After Recordation
FOLLOW UP CONTACT WITH SETTLEMENT AGENT
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Transmit Termite Inspection Report and Other Inspection Reports
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Contract Amendments
q
Invoices to be Paid at Settlement
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Notification of Assignment of Funds to Another Settlement Agent
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