The real estate closing process can be complex and overwhelming. With so many tasks to remember and details to take care of, having a checklist is essential for making sure all the necessary steps are taken in order to complete the transaction.
ClickUp's real estate closing checklist template provides you with a comprehensive list of activities that need to be completed before closing day. This template helps you:
- Organize tasks into categories for better visibility
- Track progress on each task in real-time
- Collaborate with agents and other stakeholders involved in the deal
With ClickUp's Real Estate Closing Checklist Template, you can get organized and stay on top of your transactions—all from one place!
Benefits of a Real Estate Closing Checklist Template
Closing on a home can be a complex process, and it's easy to overlook important details. A real estate closing checklist template can help you make sure everything is taken care of, by:
- Providing a comprehensive list of tasks to complete before closing
- Organizing tasks and deadlines for efficient workflow
- Ensuring nothing is forgotten in the rush of the closing process
- Enabling timely completion of all paperwork and notarizations
Main Elements of a Real Estate Closing Checklist Template
ClickUp's Real Estate Closing Checklist Template is designed to help you manage and track the progress of real estate transactions. This List template includes:
- Custom Statuses: Mark task status such as Open, Closing, Complete, Post Closing, and Under Contract to keep track of the progress of each transaction
- Custom Fields: Use 11 different custom attributes such as Target Closing Date, Signed Closing Papers, Listing Agent, Property Address, Letter of Thanks, to save vital information about each transaction and easily visualize the data
- Custom Views: Open 6 different views in different ClickUp configurations, such as the Closing Checklist Form, Loan Status, Information, Property Status, Getting Started Guide, so that all the information is easy to access and organized
- Project Management: Improve real estate transaction tracking with time tracking capabilities, tags, dependency warning, emails, and more
How to Use a Real Estate Closing Checklist Template
When it comes to closing on a real estate property, it pays to be organized and prepared. Use the real estate closing checklist template in ClickUp to make sure that you have everything covered.
1. Gather required documents
The first step is to make sure you have all the necessary documents. This includes the home inspection reports, title insurance documents, mortgage documents, closing forms, and any other documents required by the state or local government.
Use Docs in ClickUp to store and organize all of the necessary documents.
2. Confirm closing date
Contact the title company or attorney to confirm the closing date. Make sure to give yourself enough time to review and sign all the documents.
Set a Milestone in ClickUp to track the closing date.
3. Schedule an inspection
Schedule a home inspection to make sure that there are no problems with the property. This is a good time to bring in any other experts that you may need, such as an electrician or plumber.
Create tasks in ClickUp to keep track of the different inspections and professionals you need to bring in.
4. Review and sign documents
Once all the documents are in place, review them carefully and make sure that all the details are correct. Make sure to review the mortgage documents and loan agreements to ensure that all the terms are acceptable.
Set a recurring task in ClickUp to remind yourself to review all documents before signing.
5. Final walk-through
Before signing the papers, do a final walk-through of the property to make sure that everything is in order. Bring a checklist with you to make sure that all necessary repairs have been completed and that all fixtures and appliances are working properly.
Create a Board view in ClickUp to track all the necessary repairs and make sure they’re done before the closing date.
6. Finalize the deal
Once all the paperwork is signed and the walk-through is complete, you can finalize the deal. Congratulations, you’ve just closed on your new property.
Create a Goal in ClickUp to celebrate when the deal is finalized.
Get Started with ClickUp's Real Estate Closing Checklist Template
Real estate agents can use this Real Estate Closing Checklist Template to help everyone stay on the same page when it comes to completing closing tasks and ensuring accuracy.
First, hit “Add Template” to sign up for ClickUp and add the template to your Workspace. Make sure you designate which Space or location in your Workspace you’d like this template applied.
Next, invite relevant members or guests to your Workspace to start collaborating.
Now you can take advantage of the full potential of this template to close real estate deals:
- Use the Closing Checklist Form View to keep track of all the paperwork and documents that need to be completed for the closing
- The Loan Status View will help you keep track of the loan status and ensure that all necessary documents are uploaded in a timely manner
- The Information View will give you access to all of the important contact information that you need to complete the closing
- The Property Status View will help you keep track of any changes to the property during the closing process
- The Getting Started Guide View will provide you with a step-by-step guide to help you get started with the closing process
- Organize tasks into five different statuses: Open, Closing, Complete, Post Closing, Under Contract to keep track of progress
- Update statuses as you progress through tasks to keep stakeholders informed of progress
- Monitor and analyze tasks to ensure maximum productivity