Preparing for a Smooth Closing: Your Checklist for Selling in southlake

• Seller’s Disclosure Notice: In Texas, sellers must provide a written notice detailing the property's condition, including any known issues. This disclosure is crucial for legal protection and transparency.

• Lead-Based Paint Disclosure: If your home was built before 1978, federal law mandates disclosure of any known lead-based paint hazards.

• HOA Documents: If your property is part of a Homeowners Association, provide relevant documents, including rules, fees, and meeting minutes.

🏢 Title Company Process

• Title Search: The title company will conduct a search to ensure the property's title is clear of any liens or legal issues.

• Title Commitment: You'll receive a title commitment outlining any exceptions or issues that need resolution before closing

• Closing Disclosure: At least three business days before closing, you'll receive a Closing Disclosure detailing the financial aspects of the sale.

• Final Walk-Through: Before closing, the buyer will conduct a final walk-through to ensure the property is in agreed-upon condition.

🏡 Final Walk-Through

• Condition Check: Ensure all agreed-upon repairs have been completed and that the property is in the condition specified in the contract.

• Personal Property: Confirm that any personal property included in the sale, such as appliances or fixtures, remains on the premises.

• Cleanliness: Verify that the home is clean and free of debris.

📅 Confirm Closing Details

• Date and Time: Confirm the closing date and time with the title company and buyer.

• Location: Determine the closing location, which is typically at the title company’s office.

• Funds: Ensure that all necessary funds, such as proceeds from the sale, are wired to the appropriate accounts.

🧾 Gather Necessary Documents

• Identification: Bring a valid government-issued ID.

• Mortgage Payoff Information: Provide details of your current mortgage to facilitate payoff.

• Homeowners Insurance: While typically required for buyers, ensure your policy is active until the closing date.

• HOA Documents: If applicable, provide any necessary HOA documents.

💰 Understand Seller Closing Costs

• Agent Commission: Typically 5–6% of the sale price, split between the buyer’s and seller’s agents.

• Title Insurance: In Texas, sellers often pay for the buyer's title insurance policy.

• Repairs and Credits: Any agreed-upon repairs or credits to the buyer.

• Prorated Taxes and HOA Fees: Adjustments for property taxes and HOA fees based on the closing date.

✅ Final Steps

• Sign Documents: Review and sign all necessary documents at closing.

• Transfer Keys and Documents: Hand over keys, garage openers, and any manuals or warranties to the buyer.

• Confirm Fund Transfer: Ensure that the proceeds from the sale are transferred to your account.

Conclusion

By following this checklist, you can navigate the closing process with confidence and ensure a successful sale of your Southlake home. If you need assistance or have questions, consider consulting with a real estate professional to guide you through each step.

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Contact us today or call us at 469-269-6541 to discuss your home sale needs and receive personalized guidance.

About us: Southlake Luxury Real Estate Agent

Contact Top Southlake Listing Agent for Your Home Sale

If you’re ready to embark on your home sale journey with confidence after reading our home sale tips, we are here to assist you every step of the way. Selling your home is a significant decision, and we are committed to making the process as smooth and successful as possible. 

Based on our years of experience in the Southlake real estate market, we know the Southlake real estate market and can give you expert advice for your individual situation. We will sit down with you for a free one-on-one consultation, and deliver a comprehensive data profile of your local area & property.

Contact us today or call us at 469-269-6541 to discuss your home sale needs and receive personalized guidance.