This Buyer’s Closing Checklist is intended to give you as a buyer an idea of what is involved once you have reached an agreement with a seller. Once you agree on the price and all the terms, and once you and the seller have signed the purchase and sale agreement and all the addendums, you officially have mutual acceptance. That starts the clock ticking for all that follows, and there is a lot that needs to be done.
You can download my full Buyer’s Closing Checklist. You will notice that I call this a “Brief Buyer’s Closing Checklist,” because there are many tasks that happen behind the scenes for every player. Consider all the players in a real estate transaction. There is a buyer, seller, listing Realtor, selling Realtor, listing side Brokerage, selling side Brokerage, loan officer, loan processor, loan underwriter, appraiser, home inspector, septic inspector, well inspector, escrow company, and the title company. And there may be other people helping either the buyer or seller, like financial advisers, attorneys, trust officers, contractors, and moving companies. Every one of these players has their own internal checklist to do their jobs.
Buyer’s Closing Checklist
As a buyer, you don’t need to get overwhelmed by all that goes on between mutual acceptance and closing, and even my brief Buyer’s Closing Checklist is a lot to take in. The key for a buyer is to have a buyer’s agent who will essentially be the adult supervisor to make sure everything goes smoothly for you all the way to closing. That takes experience, hard work, and professionalism. But uncertainty is a great source of stress, so I hope this Buyer’s Closing Checklist is helpful to you.
Last Updated on September 28, 2019 by Chuck Marunde