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Seller’s Final Checklist After Closing Escrow

🏁 Seller’s Final Checklist After Closing Escrow


After closing on your home, take these important final steps to ensure everything is wrapped up properly and protect yourself moving forward:


✅ 1. Confirm Final Settlement

  • Review your final settlement statement (also known as the closing disclosure or HUD-1) for accuracy.

  • Make sure your net proceeds were correctly wired or deposited into your account.


✅ 2. Cancel or Transfer Home Services

Cancel or transfer:

  • Utilities: electricity, water, gas, trash, internet, cable

  • Homeowner’s insurance (confirm recording before canceling)

  • Landscaping, pool, pest control, or cleaning services

  • Update your address with USPS and any subscriptions or billing services.


✅ 3. Provide Access to the Buyer

Hand over:

  • All keys, garage openers, mailbox keys, gate remotes, and security codes

  • Appliance manuals, warranties, and service/maintenance records


✅ 4. Handle Mortgage and Property Tax Records

  • Confirm your mortgage is fully paid and the balance is zero.

  • Contact your county tax assessor to ensure your name is removed from the property’s title and tax roll.


✅ 5. Keep All Important Documents

Save copies (digital and physical) of:

  • Final settlement statement

  • Signed closing disclosures

  • Purchase agreement and counteroffers

  • Escrow closing confirmation

These will be useful for tax filing or future reference, especially with capital gains or 1031 exchanges.


✅ 6. Talk to a Tax Professional

Consult a CPA to understand potential capital gains taxes, especially if your profit exceeds IRS exemptions:

  • $250,000 for single filers

  • $500,000 for married couples

Plan to report the sale on next year’s tax return, if required.


✅ 7. Notify Your HOA (If Applicable)

  • Let your homeowners’ association know the home was sold and update your contact info as needed.


✅ 8. Celebrate This Huge Milestone! 🎉

  • You’ve successfully closed escrow—take time to celebrate the end of one chapter and the exciting possibilities ahead!



Contact Us

Main Office
388 E Valley Blvd UNIT 106, Alhambra, CA 91801, United States

Tel: 626-653-6903
Email: info@thechouteam.com
Social: @thechouteam

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