Closing Checklist

From the purchase contract to the mortgage application, being well organized is a great recipe for a smooth, on time move. Every situation has different needs and not any one situation is always the same. One of the best ways to stay organized and on top of all the moving pieces is to understand them and have them written down. Surprises happen and when or if they do, you will want to add them to your checklist. In order to keep the surprises to a minimum, use this checklist of details to help to prepare for your move and to prepare for the day of closing.

Once the offer to purchase becomes ratified (agreed to and signed by all parties)

  • Make a list of all important companies/friends that will need your new address
  • If necessary, research new doctors, dentists, schools, and other commonly used public service professionals
  • Have a garage sale to unload unwanted furniture, clothes, and other items
  • Begin packing items that are not always used or needed
  • Compile all important documents such as licenses, certificates, records, etc. and place in one area/storage container
  • Schedule your loan application appointment and as quickly s possible, start the loan process
  • Stay on top of your lender and do not delay in getting documents that have been requested back to them, immediately!
  • Make sure the appraisal has been ordered

Follow your purchase contract in order of contingencies/inspections that need to be removed

  • Complete any inspections (home inspection, lead based paint inspection, radon, mold, etc.) within the timeframe specified in the contract
  • Make sure the termite inspection has been ordered
  • Purchase a home warranty
  • Be prepared to get documents to your Title Company or attorney
  • Schedule/obtain a home owners insurance policy for your new home

One Week Before Closing

  • Purchase and pack a generous amount of cleaning supplies and label appropriately
  • Schedule the physical move with a moving company
  • Change all of your utilities and schedule services to be turned on at your new address
  • Verify with your agent, settlement company/attorney, and lender that everything is on schedule to close

Right Before Closing and on Closing Day

  • Get to your bank and request a certified check made out to the closing agent/attorney for closing costs associated with the transaction. Your title company/attorney/real estate agent should be able to provide a final HUD-1 statement which details these fees.
  • Prepare for the final walk-through of the property and make sure it is still in the same condition as it was on the day of the ratified contract.
  • Sign all required paperwork at the closing
  • Receive the keys to your new home
  • Move all of your belongings

You Made it

  • Change all of the locks
  • Register to vote
  • Change your vehicle registration and update your drivers license with your new address
  • Relax and congratulate yourself…you made it!
This communication is provided to you for informational purposes only and should not be relied upon by you. Virginia Beach Estates, Inc. is not a mortgage lender and so you should contact your lending institution/lender directly to learn more about its mortgage products and your eligibility for such products.