new york real estate closing checklist


What are some tips for creating an effective real estate closing checklist?

    Inform the seller of acceptance or objection to the title. Obtain affidavits, releases, and other curative documents, if any. Search circuit court records and verify the property. Thoroughly review any available invoices. Notify the other party about approval or rejection of the title. Conduct a survey. Review contract for services, if necessary.

What should a seller include in their real estate closing checklist?

    A closing statement (also called a settlement statement) is an itemized list of costs associated with the real estate transaction. Think of this like a receipt for your property. It includes how much you’ll have to pay on closing day, along with other fees and taxes associated with the sale.

What documents are needed for a real estate closing?

    These are the most important documents needed for the closing process. The deed is what officially transfers ownership of real estate. It includes a property description, along with the names of the buyer and seller. It’s a legal document that is proof of property ownership.

What should you look for during a final walk-through before closing?

    Typically, the final walk-through occurs in the 24 hours before the closing. This step enables buyers to check that the home is vacated, clean, and in the expected condition. During the final walk-through, take your time to verify all repairs and that all items/appliances/furniture included in the Offer to Purchase are correct.
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