FSBO Closing Preparations And Duties

FSBO Closing Preparations And Duties

  • Contract is signed by all parties.
  • Coordinate closing process with buyer’s agent and lender.
  • Update closing forms and files.
  • Ensure all parties have all forms and information needed to close the sale.
  • Select location where closing will be held.
  • Confirm closing date and time and notify all parties.
  • Assist in solving any title problems (boundary disputes, easements, etc) or in obtaining Death Certificates.
  • Work with buyer’s agent in scheduling and conducting buyer’s final walk-through prior to closing.
  • Research all tax, Home Owner Association, utility and other applicable prorations.
  • Request final closing figures from closing escrow.
  • Receive and carefully review closing figures to ensure accuracy of preparation.
  • Forward verified closing figures to buyer’s agent.
  • Request copy of closing documents from closing agent.
  • Confirm buyer and buyer’s agent have received title insurance commitment.
  • Provide Home Owners Warranty if requested for availability at closing.
  • Review all closing documents carefully for errors.
  • Review documents with closing agent.
  • Verify earnest money deposit check from escrow account to closing agent.
  • Have a “no surprises” closing to receive a net proceeds check at closing.
  • Change MLS status to Sold. Enter sale date, price, selling broker and agent’s ID numbers, etc.