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Hoard Homes
Dan Hoard, Realtor , 864-884-5075
Exclusive Realtor for SunCrest Homes

Seller Closing Activities Checklist

After an offer has been accepted, it is time for your Realtor to manage that potentially stressful period called contract-to-closing. In addition to more tangible issues listed below, a full-service Realtor will help you manage the many personal issues that may come up before you are sitting at the settlement table.

A timely implementation of this list of closing activities will help make the entire process proceed more smoothly.

1. The closing attorney
Buyers generally select the closing attorney. In addition to reviewing the sales contract and preparing the settlement statement, the attorney typically orders the title search and title insurance.
  • We work with the Buyer's Agent to deliver the sales contract and other relevant documents to the attorney and to setup a tentative closing date and time.
  • We maintain communication with the attorney as the closing process proceeds.
2. Assist with property survey
The lender may require a survey, or plot plan, of the property. This is done to confirm that the property's boundaries are as described in the sales contract. Usually the buyer pays for the survey and the lender orders it. You may be able to save some money by requesting an "update" from a surveyor who has surveyed the property previously.
  • If required, we coordinate with buyer's agent and the lender to schedule a survey.
  • If needed, we assist the surveyor in gaining access to the home.
3. Review the Loan Commitment Letter
This document will typically state that the buyer's loan approval is subject to certain conditions. Typical conditions include a property appraisal, a survey, completion of requested repairs, and no significant changes to your credit worthiness.
  • We coordinate with buyer's agent and the lender to schedule an appraisal if required, and we assist the appraiser in gaining access to the home if necessary.
  • We add these conditions to our list of activities to monitor.
4. Review the Property Inspection
We review the results of the property inspection with you and help you to decide how to respond to the list of requested repairs. Since the sales contract probably includes the inspection as a contingency, it is best to get this done quickly. This allows time for repairs and allows the closing date and time to be set sooner and more accurately.
  • We are there with you when the inspection report is reviewed.
  • If the inspector recommends a follow-up inspection by a specialist, we work with the buyer agent to schedule that inspection.
  • We negotiate with the buyer's agent on your behalf if the seller does not want to complete all requested repairs.
  • Once all requested repairs are complete or an appropriate adjustment has been made to the sales contract price, we help you to remove the inspection contingency in writing.
  • If necessary, we communicate in writing to the buyer's agent that the inspection contingency conditions have been substantially met.
5. Order a Termite Inspection
Lenders typically require homes in South Carolina be inspected for termites before they will finance a purchase. The lender may require a certificate from a termite inspection firm that states that the property is free of both visible termite infestation and termite damage. We recommend that the buyer order and pay for this inspection, but if the contract calls for you, the seller, to order and pay for it, we will help coordinate this activity.
  • We provide you with a list of licensed termite inspectors that we recommend.
  • We can schedule the inspection for you, if you wish.
  • We can be there with you when the inspector reviews the report with you.
  • We communicate the list of repairs that are needed, if any, to the buyer's agent, and help you make sure all repairs are completed.
  • We communicate to the lender the results of the inspection.
6. Obtain Well and Septic Certifications
If your property is not served by public utilities, you will need local government certification of the private water source and sanitary sewer facility before closing. Usually the county government performs the certification.
  • We provide you with a list of licensed inspectors that we recommend.
  • We can schedule the inspection for you, if you wish.
  • We can be there with you when the inspector reviews the report with you.
  • We communicate the list of repairs that are needed, if any, to the buyer's agent, and help you make sure all repairs are completed.
  • We communicate to the lender the results of the inspection.
7. Finalize the Closing Date
An estimated closing date is normally specified in the sales contract. After inspections and requested repairs are complete, and after the buyer's mortgage loan is approved and the commitment letter is accepted, a firm closing date and time is set. We need to be sure that closing takes place before the lender's commitment expires and while the interest rate lock-in period, if there is one, remains valid.
  • We work with you, the closing attorney, the lender, and the buyer's agent to determine the best date and time.
  • Once the date and time is set, we make sure you, the lender, and the buyer's agent have the necessary location, directions, date and time information.
8. Review HUD-1 Settlement Statement
Throughout the contract-to-closing period, the closing attorney is gathering information for the HUD-1 Settlement Statement. If requested, the law requires that you, the seller, have access to the HUD-1 Settlement Statement for your review at least 24 hours before closing.
  • We make this request of the attorney's office for you and review it with you.
  • We communicate any issues that you or we identify as soon as possible in order to prevent a delay in the closing.
9. Final Walk-Through Inspection
Your sales contract may have a clause allowing the buyer to examine the property within 24 hours before closing.
  • If buyer does a final walk-through, we will be available to help coordinate any last minute repairs and to answer any last minute questions.
  • We communicate the results of walk-through to the attorney as is appropriate.
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