When it comes to selling a home, being thoroughly well-prepared is important, especially as the closing date approaches. Here’s an essential pre-closing checklist for home sellers to guarantee a seamless closing process:
Ensure Obligations in the APS Are Being Met
- Verifying all contingencies have been satisfied
- Any repairs addressed are completed
- Ensure no issues with the property, liens, and disputes are resolved
- Complete home inspection if stated in the APS document
Provide Your Lawyer With Documentation
Be sure to provide your lawyer with all necessary documentation, including the property deed, mortgage and loan payoff information, survey, current property tax, and documents of repairs that may have been done. This process is to ensure a smooth and legally compliant closing process.
Buyers Final Walk-Through
Preparing the property for the final walk-through is a crucial step. The property should be in the same condition as when the buyer made the offer, except for the agreed-upon repairs. Clean the property thoroughly, remove all personal belongings, and make sure all systems and appliances are in working order. This step leaves a positive impression on the buyer, reducing the risk of disputes at the last moment.
Cancel all Utilities
Before closing, ensure to cancel all utilities, such as water, electricity, gas, cable, and internet, effective on the closing date, to avoid unnecessary charges and ensure a seamless transition for the new owners.
- Alectra Utilities
- Plumbway
- Enbridge Gas
- Cable Companies
- Enercare To end your account for the water heater rental. If water heater not owned by them, you will need to contact your water heater provider before the closing date.
Change Address
Be sure to update your address with all relevant parties prior to the closing date. Make sure to inform your bank, credit card companies, utilities, subscriptions, post office and other important contacts to avoid any disruptions in service or communication.
What to Provide for Buyer
As part of the pre-closing checklist, ensure to provide the buyer with all necessary keys, garage door openers, and security codes for the property to facilitate a seamless transition and ensure their immediate access and security.
Retain Copies of Sale
As a home seller, it’s crucial to retain copies of all sale-related documents for your records to ensure clarity and protection in future transactions and legal matters. Also to show proof of mortgage payoff as it serves as documentation that all financial obligations related to the property sale have been settled, preventing potential disputes or delays during the closing process.
This guide provides comprehensive information on the pre-closing phase for home sellers, ensuring that you are well-prepared and organized for a seamless closing process.
