Closing Preparation

Closing Guide for Buyers, Sellers, and Real Estate Agents

Buyers Checklist for Closing

• Government Issued Photo ID – Driver’s license or Passport is acceptable. If neither of these are available, get prior approval from attorney
• If a Power of Attorney is executing closing documents on your behalf, the original must be brought to closing, as it must be recorded. The executed Power of Attorney form must be approved prior to closing by the Attorney and the Lender
• Any closing conditions required by the Lender, such as original tax returns, closing statement from sale of previous home, pay stubs or gift letters
• Pursuant to O.C.G.A Section 44-14-13, Georgia law requires all funds for closing over $5,000.00 MUST be in the form of a bank wire, NO EXCEPTIONS (including any gift funds or funds from any other source that may be used by the borrower including closing proceeds from another law firm); funds under $5,000.00 may be a cashier’s check or wire.

Sellers Checklist for Closing

• Government Issued Photo ID – Driver’s license or Passport is acceptable. If neither of these are available, get prior approval from attorney
• If a Power of Attorney is executing closing documents on your behalf, the original must be brought to closing, as it must be recorded. The executed Power of Attorney form must be approved prior to closing by the Attorney and the Lender.
• Keys and garage door openers
• Original Termite Letter and, if applicable, septic and well water inspections
• Home Warranty confirmation (if applicable)
• Repair Receipts and Warranties (if applicable)

Real Estate Agent Checklist for Closing

• Confirmed date, time and location with all parties
• Original Contract and all addendums
• Keys and garage door openers
• Original Termite Letter and, if applicable, septic and well water inspections
• Home Warranty confirmation (if applicable)
• Repair Receipts and Warranties (if applicable)