Home Sale Closing Checklist for Sellers
Homeowners go through a lot during the sale of their home. After showing the home, finding a buyer, working out an offer, and then going back and fixing up the home one more time, what else is there left to do? Well, a lot. A successful close requires a thorough accounting of the home selling process thus far, making sure every part was attended to, and then a thoughtful review of the paperwork involved in the sale. Here, we have a checklist of things to remember in order to create a successful close.
Get Ready for the Move
- Call three movers and get estimates. It can seem like a good idea to go with the lowest offer, but with movers, you tend to get with you pay for.
- Ask the moving company if you can get a fixed price rather than an estimate.
- Ask the moving company if they charge more for things like stairs.
- Many moving companies work by weight, so there are a few things you might save money by selling (like exercise equipment), and buying again new after the move.
- Make sure friends, family, doctors, and schools are aware of the move.
Clean the Home One-More-Time!
- Give your home a final cleaning; check all storage spaces, basement, closets, for anything left behind.
- Leave a spare set of keys for the new owner on a counter or someplace else where they can easily find them.
- Make sure your change of address paperwork has been filled out with the post office and creditors.
- Make sure everything in the home is shut off. If the house is going to be vacant for some time, it can be a good idea to shut off the water, in case of burst pipes.
- Lock things up.
What You Bring to Closing
- Photo ID
- The Deed to the home
- Documentation of repairs
- Main set of keys, and if applicable, security codes
Seller Costs at Closing
- Agent Commissions (6% of the sale)
- Property Taxes, Utility bills, Homeowner’s insurance, and if applicable, Homeowner’s Association Fees
- Title Fees
- Attorney/Escrow Fees
- If applicable, remaining mortgage balance
Tasks After Closing
- Make sure the utilities have been transferred to the new owners.
- Cancel homeowner’s insurance policy after the title change has been recorded by the county.
- Keep all closing paperwork in a safe and easy-to-access place.
Back to: Closing on your home sale