Many emotions surround closing day. To ensure some of the anxious and stressful feelings are kept to a minimum, here are some things a seller will have on their list to ensure the last few weeks before the big day go over smoothly.
Packing and cleaning the home are obvious items on a sellers checklist. They will also need to close out the utilities with each of the city and area service providers as well as telephone, cable and internet. A change of address form will need to be submitted to the post office. It's best to turn it in about a week before closing so there's no delay in receiving your mail at your new address.
The title company hired to complete the transaction will set up the payoff of a seller's mortgage(s). The title company will also close out the escrow account where the insurance and property taxes may have been set aside each month. Recording the paperwork signed is one of the most important jobs the title closer has. If you sell your home as a short sale, make sure to read over the approval letter(s) ahead of time with your lawyer to ensure accuracy. Checking in with these processes is a good way for a seller to help ease their mind on the progress of closing.
Closing day will include a moment to hand keys over to the buyer and a good time to inform them of any special features of the property. Bring your license and any questions you might have before the closing is finalized. Leave any/all paperwork and pamphlets for the appliances, mechanicals, etc. at the property so the buyer can read through at their leisure. This will shrink the list of things needed to bring to closing significantly. Keep copies of your closing documents in a safe, dry place in the event they're needed for future reference.
If you have any questions on closing or other real estate topics, please give me a call or send me an email.
