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Real Estate Buyer's Checklist For Closings On Property
DEED: Once Buyer's financing is in place, indicate to the
selling broker just how you wish to hold title. It is the
Seller's responsibility to provide you with a deed.
EXPERIENCES: A couple of days prior to closing, contact the bank
attorney regarding your closing expenses. Usually they
are itemized and explained around the time of mortgage
application.
TAXES: At the closing unpaid taxes will be adjusted on per diem
basis.
INSURANCE: At least two weeks prior to closing, notify your
insurance company of your pending purchase. Bring to the
closing an insurance binder or policy as required by your
bank.
UTILITIES: Final readings will be arranged by the Seller, but one
week prior to closing, contact utilities to make billing
arrangements and to insure continuous service.
OIL TANK: (If applicable)- One or two days prior to closing, Seller
will fill the oil tank (with your consent) or a current
reading of tank contents will be taken. You will
reimburse the Seller for the remaining oil at the
closing.
TELEPHONE: Make arrangements to begin service and obtain phones if
needed.
HOUSE KEYS,ETC.: You will receive house keys at the closing. Sellers have
been requested to leave any pertinent household
information at the property.
POST OFFICE: 4-6 weeks prior to closing, obtain change of address
packet from the Post Office. Also notify your cable TV,
newspaper, lawn services, etc.
INCOME PROPERTY: At the closing you will be given security deposits,
prepaid rental income and any other applicable information
or documents.
This checklist is intended to make your transition as orderly and Convenient as possible.
Do not hesitate to contact your broker or attorney if you have any questions.
