Buyer's Real Estate Closing Checklist

What To Bring With You

Note: If there are multiple buyers - such as husband and wife - all buyers should attend closing unless alternate arrangements have been made in advance.

Buyers of Pennsylvania real estate should bring the following items with them to closing:

* Money in the form of a cashier's check or certified check to cover the balance of the purchase price and the buyer's closing costs

  • The buyer should have been provided with a written estimate of closing costs that will indicate the proper amount of funds to be included in the cashier's check or certified check.
  • It is better to bring a check slightly larger than the funds needed in case the estimate was low. At closing the title insurance company will issue a check to reimburse the buyer for any overpayment.
  • The title insurance company generally will not accept a personal check (that is not certified) for any significant amount of money.

* One or more blank personal checks

  • The title insurance company will generally accept a personal check for a small amount of money if the estimate were low and the cashier's check or certified check does not cover everything.

* Homeowner's Insurance Policy

  • Make certain the lender is properly named as an additional insured.
  • Make certain the policy is effective on the required date - some lenders require it be effective on the day BEFORE closing.

* Proof of Premium Payment for the Insurance

  • Either a receipt marked "paid" or an invoice to be paid from the buyer's funds at closing.
  • Make certain the payment covers the necessary time frame - generally a full year.

* Photo Identification of all buyers

  • This is generally in the form of a driver's license.

* Social Security Number of all buyers

* Mortgage Package

  • You will not bring this yourself, but you should make certain that the mortgage lender has sent the package to the title insurance company.

* Mortgage Company Requirements

  • Make certain you bring everything that your lender requires.
  • This is usually set forth in the lender's commitment letter.
  • It may be nothing beyond what is set forth on this checklist or there may be additional requirements.

* Special Requirements under the Agreement of Sale

  • Make certain you bring everything required by the provisions of the Agreement of Sale
  • It may be nothing beyond what is set forth on this checklist or there may be additional requirements.

* Requirements of the Title Insurance Company

  • Make certain you bring everything required by the title insurance company.
  • This is usually set forth in the Title Commitment or Title Report.
  • It may be nothing beyond what is set forth on this checklist or there may be additional requirements.

Copyright 2011 - Marc H. Jaffe and Fromhold Jaffe & Adams

Notice: The information on this page is intended only as general information for Buyers of real estate in Pennsylvania and is not legal advice. You should consult with an attorney in the state where you are buying real estate before relying on anything set forth here. This page contains only general principles. The facts of your particular transaction may warrant different action or involve additional requirements.