Checklist for a Transaction
o Contract signed and dated
o Escrow opened and earnest money deposited
o Termite inspection ordered by seller
o Property inspection ordered by buyer
o Insurance for home procured by buyer
o Loan application requested by buyer
o Copy of inspection given to buyer and seller
o Repair priority list given to seller from buyer
o Appraisal ordered by lender
o Appraisal completed
o Repair work ordered by seller after negotiated by buyer and seller
o Buyer approved by lender
o Other inspections, if needed, requested by buyer
o Repairs completed and approved by lender and buyer
o Final contingencies removed
o Final signing appointment scheduled
o Closing figures confirmed with escrow officer – buyer informed of funds due at closing
o Final documents signed by buyer and seller
o Final documents filed with county recorder