Closing Checklist

Closing Highlights

• We do title searches, acquire title insurance for buyers, and handle the closing transaction
• We work with real estate agents and the lenders to coordinate the closing, to ensure all matters are handled on time.
• A deed is prepared for the seller to grant title to the buyer

Closing Steps

• Buyer makes offer, seller accepts, and the parties sign a contract
• Buyer's earnest money (good-faith deposit) is placed in a trust account
  
• Lender orders appraisal
  
• Buyer or his agent may order inspections such as termite, radon, structural, electrical, plumbing, heating and cooling, and/or roof.
  
• Any issues resulting from inspections such as home repairs or termite treatments are negotiated with the seller and his agent.
  
• A survey may be ordered by the buyer's attorney at buyer's request
  
• Buyer obtains hazard insurance, and the information is given to the lender and closing attorney
  
• Near the closing date, the buyer arranges for utilities to be switched to his name.
  Closing takes place at an office of the buyer's choosing.
  
• Buyer signs loan documents such as the note, deed of trust, and truth in lending; and gives attorney certified funds for closing as set out on HUD settlement statement prepared by attorney.
  
• Attorney records deed to buyer at register of deeds, and disburses funds due to all parties

This list of closing steps is only a brief sample of some steps involved in a typical closing transaction, and any particular closing may differ or include additional steps. The attorney would be glad to discuss your closing, and advise based on the facts and issues of your situation.