Essential Guide for Closing Duties

Prepared by: [Your Name]

Introduction

This checklist is designed to aid in the systematic completion of essential tasks before concluding business operations for the day or event. This checklist serves as a valuable tool to ensure that all necessary duties are fulfilled, promoting efficiency and consistency in closing procedures. Simply follow the checklist step by step to ensure a thorough and organized approach to wrapping up operations.

Document Review

The documents related to the property sale should be carefully reviewed and checked for discrepancies and issues.

• Verify duplicate copies of the sales contract

• Validate the property disclosure statement

• Check the financing documents and terms

• Inspect the title documents thoroughly

• Review and validate home inspection documents

Funds Transfer

This category deals with all monetary aspects concerning a real estate closing. With large funds involved, proper handling is critical.

• Ensure safe and secure available methods for funds transfer

• Verify complete and accurate payment of real estate agent commission

• Check closing cost payments and allocate fund coverage

• Confirm funds received and deposited by sellers

• Arrange final payment of any property charges and taxes

Property Transfer

The heart of a real estate transaction, the property transfer procedures, ensures a smooth transition of ownership.

• Ensure buyers receive the necessary property keys

• Confirm transfer of utilities

• Validate move-in date and time

• Inspect the property for any damage prior final move-in

• Facilitate a smooth and error-free handover process

Legal Requirements

The legal aspects of a property sale are significant. Non-compliance can lead to legal difficulties, so these tasks ensure that all parts of the transaction comply with the law.

• Adequate title and land deed verification

• Sign, validate, and file all legal documents

• Ensure disclosure statement and other necessary declarations are complete

• Verify that all tax considerations have been addressed

• Check submission and approval of property transfer application

Checklist Templates @ Template.net