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A Closing Checklist
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Tips on Closing the Deal
Selling a home is just the first step. Don't let the closing turn into a financially painful process. Follow these steps to ensure that the deal goes through as you envisioned.
Before the contract is signed:
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Make a list of all property excluded from sale.
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Make a list of everyone who has a contract with you related to your home, such as gardeners or utilities.
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If there is a written contract of service, have the company pro-rate your share in writing, to present before the closing.
Before the closing:
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Notify your bank so they can prepare a "payoff" letter. This shows exactly how much in principle and interest you must pay at closing.
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Be sure the seller's attorney prepares a certified check, payable directly to the bank, and brings it to the closing.
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Call your creditors and lien holders, if you have any. Negotiate a settlement and get a check sent to them at closing.
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Call the tax authorities and pay your pro-rata share of taxes.
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If there are multiple sellers, make sure that one of you has a limited power of attorney to handle the transaction.
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Do a check on all co-owners so there are no other liens on the property. 
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