Seller's Guide · Step 10 of 10

Closing and Moving Out: Your Final Steps as a Seller

Once you're under contract, closing is usually about 30 to 45 days away when the buyer is financing, and sooner for cash. Here's what happens between contract and keys, and what you'll need to do.

From contract to closing

1. Title work. The title company opens the file, orders your loan payoff and checks for liens.
2. Inspection and option period. The buyer inspects, and we work through any repair requests.
3. Appraisal and loan approval. The buyer's lender orders the appraisal and finalizes the loan.
4. Repairs. If you agreed to repairs, finish them before closing and keep your receipts.
5. Final walkthrough. The buyer checks that the home is in the condition agreed.
6. Closing. You sign at the title company, the buyer's loan funds, and the sale is recorded.

Before closing day

• Book your movers early.
• Schedule utilities to stop after closing, not before. The buyer's walkthrough needs power and water.
• Forward your mail and update your address.
• Keep your homeowner's insurance until the sale closes and funds.
• Gather keys, garage openers, gate and mailbox keys, manuals and warranties for the buyer.

Moving out

Unless you've agreed to a temporary lease, the buyer usually gets possession at closing and funding. Leave the home clean and empty, and haul away trash and leftover items. Items attached to the home, like light fixtures, ceiling fans and mounted shelves, usually stay unless your contract says otherwise. If you plan to take something, tell me before we sign.

On closing day

Bring a government photo ID. Your proceeds come by wire or check once the sale funds. Protect yourself from wire fraud: never act on emailed wiring instructions or changes. Call the title company at a number you know is real to confirm.

After closing

Keep your final settlement statement for your taxes, and talk with your CPA about any tax questions. Then enjoy your next chapter.