Contract to Close Checklist
Buyer’s Side
OPTION PERIOD
□ Have both parties execute contract
□ Date contract and provide copies to the title
company along with earnest money.
□ Deliver option period check to listing agent
or seller
□ Schedule Inspection (if desired by Buyer):
Notify Buyer, Seller and Listing Agent of
date and time
□ Obtain Energy Audit Information
□ Insurance: Have buyer apply and check
previous claim status
□ Negotiate Repairs
□ Write up Amendment or Addenda, if
necessary
□ Submit Commission Form and Copy of
contract to Christine Choate by one of the
following:
Fax 1-888-239-0370
Inbox at office
FINANCING
□ Get lender info from Buyer
□ Call lender to introduce yourself and give
them your contact information
□ Obtain prequalification letter/approval letter,
if needed
□ Offer to fax contract
□ Check in weekly with lender
□Obtain approval according to Third Party
Financing Addendum
□Approval letter should state full approval or
approval contingent upon lender’s review of
title policy, survey and appraisal
□ Appraisal ordered?
□ Is either party a mail out?
□ Will a Power Of Attorney be used?
DEADLINES
□ Additional Earnest Money
□ Survey – Are you using a past survey? Are
there any changes to Survey? If not, ask
Listing Agent for T-47 Affidavit signed by
Seller
DEADLINES (Cont.)
□ HOA documents
□ Resale Certificate
□ Seller’s Disclosure Notice
□ Environmental Assessment
□ Septic Approval
□ Seller Financing
□ Contingencies
□ Sale of other Property by Buyer
□ Leaseback – Seller’s/Buyer’s Temporary
Residential Lease
□ Title Commitment - Title Company has 20
days to deliver and may extend 15 more
days
- All requirements on Schedule C must
be fulfilled
- Surveyor needs Schedule B
- First Right of Refusal needs Schedule A
□ Objections to Title and/or survey must be in
writing and submitted according to
paragraph 6A of contract
GET READY FOR CLOSING
□ Confirm Title Company has Disbursement
Authorization
□ Make sure both parties connect or
disconnect services
□ Invoices, repairs and reimbursements
□ Follow up on status of Lender docs
□ Notify Title Company of Home Warranty
Company Buyer has selected.
□ Follow up on septic approval
□ Set closing date and time and notify all
parties, including lender
□ Review HUD statement
□ Remind buyer to bring driver’s license and
cashier’s check/wiring instructions
□ Purchase closing gift