Closing a home sale is a major milestone. It can signal the end of one chapter and the beginning of another. On closing day, you’ll finalize the transaction by transferring ownership to the buyer.
While selling can feel emotional, having a clear checklist can keep the process organized and help you approach the closing with confidence.
Before closing day
Preparation is key to avoiding last-minute surprises. Here’s what to do ahead of time:
Review your closing statement
At least three days before settlement, you’ll receive a closing disclosure outlining your final terms, costs and key figures. Read it carefully and confirm that everything matches your agreement. If something looks off, contact your agent or attorney immediately.
Gather essential documents
Having paperwork ready saves time. Make sure you have:
- The deed, if your home is paid off
- A valid photo ID like a driver’s license or passport
- Certified check if required by escrow
- Keys and any security codes, if the buyer takes possession at closing
- Mortgage payoff statement showing remaining balance
Prepare the property
Expect a buyer walkthrough before closing. “The buyer’s final walkthrough usually happens within three days of closing," Michael Ahumada of RE/MAX Select One in Laguna Niguel, California, told Homes.com. "The home should be in the same condition as when the offer was made."
Ensure the home:
- Is clean and move-in ready
- Has had repairs from inspection completed
- Is free of personal belongings unless otherwise agreed upon
After accepting an offer
- Know your timeline
“Once you accept the offer, the clock starts ticking. [For example], in Southern California, it’s typically 30 days to close,” Ahumada said.
- Confirm buyer’s earnest money deposit
“Within three business days, the buyer must deposit earnest money — usually 3% of the purchase price into escrow,” Ahumada added.
- Track key deadlines
Buyer has 10 days for inspections, 12 days for appraisal, 14 days for loan approval, and by 14 to 17 days, the buyer signs off on contingencies.
On closing day
Closing day has arrived! Make sure you have the right items with you and understand the steps ahead before the process gets going.
What to bring:
- A government-issued photo ID (driver’s license or passport)
- All previously gathered documents, including the purchase agreement and proof of completed repairs
- House keys, garage remotes, mailbox keys and any security codes (if possession transfers at closing)
- Bank account details or transfer instructions for your sale proceeds
- Property deed, if the home is fully paid off
- Certified check for the amount specified by the escrow officer (if required)
Know what to expect during signing
Closing day means finalizing the sale with a series of legal documents. Your closing agent, title company or attorney will walk through each step.
You’ll likely sign:
- Deed transferring ownership to the buyer
- Affidavits confirming your right to sell
- Closing statement detailing final financials
- Settlement statements (if applicable)
- Certificate of title
- Loan payoff documents
- Mechanic’s lien releases
- Bill of sale
- Statement of information
Take your time reviewing everything and ask questions if anything seems unclear.
Final transfer of funds
Once the paperwork is complete and keys are handed over, the buyer’s funds will:
- Pay off your mortgage and any property-related debts
- Deposit remaining proceeds directly into your account
After closing day
Even once the sale is complete, a few more important tasks remain. Here’s how to finish strong and prepare for what’s next:
1. Notify key contacts
Update your mailing address and stop services at the sold property:
- Set up mail forwarding with USPS
- Contact utility providers to end service
- Update your bank, credit cards and insurance
- Adjust subscriptions and delivery services
2. Secure your closing documents
Keep copies of all closing paperwork for tax purposes and future reference. Store them safely digitally or in a physical file.
3. Review tax implications
Selling a home can affect your taxes, including potential capital gains. Consult a tax professional to understand your obligations and plan ahead.
4. Plan your next move
Whether you’re relocating, downsizing or starting a new chapter, closing one door opens another. Take time to organize and embrace what’s ahead.