This is your 35-Step checklist outlining the functions to be performed by your real estate team - your real estate agent, lender, and title and escrow company - for a successful real estate transaction.
The steps have been color-coded to indicate the role each member of your “team” will take and the order in which each task is typically performed.
We’ve numbered these functions for your convenience, however, some of these steps occur simultaneously.
20. Appropriate title report items cleared by escrow/ settlement officer and any additional conditions reviewed
21. Loan package submitted to underwriting
22. Loan approved
23. All invoices/statements delivered to lender at least 10 days prior to closing
24. Closing Disclosure (CD) prepared and delivered
25. Signing appointment scheduled
26. Closing documents signed. Cannot occur less than 3 days after CD is received
27. Final funds from buyer deposited into escrow
28. Signed loan documents returned to lender
29. Funding package reviewed
30. Loan funds issued
31. Documents recorded with the local recording office (timing varies by state, check with your escrow/ settlement officer)
32. Escrow closed; final accounting; checks written and disbursed; closing statements issued
33. All parties notified by escrow upon closing
34. Keys released to new owner
35. Celebration!