The Most Important Closing Detail of All

Pre-Closing Checklist

Test your mastery of real estate minutiae, and answer the following multiple choice question:

What’s the last (if not most important) pre-closing detail to get right?

A. The client’s net number on the ALTA (federal closing worksheet).
B. Still-needed signature(s) on any last-minute Purchase Agreement Amendments.
C. The listing agent’s sign riders from the “For Sale” sign (once the sign’s pulled, the agent’s riders are never to be seen again).
D. The location of the title company hosting the closing.

Answer:  “D.”

Especially on more complex deals with lots of twists and turns, it’s easy to lose track of the formal closing notice.

Make that, “the last closing notice”: it can change locations and dates (multiple times, in fact).

It’s also the case that the address given in the ALTA and actual closing location may not be the same; often, the former address is a main office and the latter is a branch.

All of which is why explicitly confirming the location — and circulating to all involved parties — is always a very good idea.

See also, “What’s in a Name? From “Settlement Statement” to “HUD-1” to “ALTA” Back to “Settlement Statement“; and “Will You Be at Closing?” (and Other Silly Questions)”; “Cleared for . . . Closing.“

Plus: “Dress Code for Home Closings”; and “Passed Across the Closing Table:  Keys, Garage Door Openers, Bike Chains (Bike Chains??).”



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