BUYERS CLOSING CHECKLIST
After your offer has been accepted, the work is only partly over. Below, is a list of items you will need to complete prior to closing.
- Your loan processing should take first priority! Complete all lender paperwork.
- Complete all inspections. If you have any inspection contingencies (general inspection, mold, radon), make sure that these are completed within the indicated time frame.
- If required, make sure a termite inspection has been ordered.
- Get insurance. In the case of a single-family home, your loan officer will not be able to complete your loan package without proof of insurance.
- Complete any paperwork that the settlement or title company might have.
- Change your utilities. Cancel the utilities at your current residence and turn on the utilities at your new one. This may include electricity, gas, phone, cable and satellite TV, water, sewer and any special internet service (DSL, cable high-speed access etc.).
- Change your mailing address with the U.S. Postal Service.
- Go to the bank. About a day or two before closing, the settlement company should have the final loan documents from your lender so that they can provide you with your final closing costs. Get a cashier’s or certified check to cover these costs (the total closing costs minus your earnest money deposit)
- Go to your scheduled walk-through the day before or the day of closing so that you may inspect the property to make sure that it is in the same condition as when you ratified the contract to purchase it.
- Go to settlement! Be sure to bring a government-issued photo ID and a personal check or wire funds. If there are any adjustments to the closing statement at settlement and you owe more money, most settlement companies will take an additional personal check if the adjusted difference is under a thousand dollars. If your cashier’s check is more than the amount needed, the settlement company will cut you a refund check at the table.
- Change the locks to your new home.
- Move in, welcome home!