Free Closing Duties Checklist Template

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

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