Essential Considerations When Closing the Sale of a Home or Condo

Larissa Fitzsimons
Apr 25
3 min read

Updated: 6 days ago

Closing on a home or condo is the final step before officially becoming a homeowner, but it’s also one of the most crucial phases in the process. Overlooking key details during closing can lead to unexpected costs, legal issues, or future headaches. To ensure a smooth transaction, here are some often-overlooked things to request and check before finalizing the sale.

1. Review the Final Walkthrough Checklist

Before signing the final papers, conduct a thorough walkthrough to verify that everything is in the condition agreed upon in the contract.

Ensure agreed-upon repairs have been completed.
Check for new damages that may have occurred since the last visit.
Confirm that appliances, heating/cooling systems, and plumbing are functional.
Make sure all personal property that was included in the sale remains in the home.

2. Verify Closing Costs and Prorated Expenses

Unexpected closing costs can catch buyers off guard. Ensure you review:

Property tax adjustments (confirm how much has been paid and if you owe more).
Maintenance fees (if applicable) and what is covered.
Title insurance and closing agent fees.
Utility bill adjustments to ensure no surprise charges.

3. Confirm Title and Ownership Details

A title search ensures the home has a clean title without outstanding liens or legal claims.

Request a copy of the title insurance policy.
Ensure there are no unresolved disputes or encumbrances.
Verify correct property boundaries if applicable.

4. Ask for Warranties and Manuals

Many new homeowners overlook collecting warranties and user manuals for major systems and appliances.

Request remaining warranties on HVAC, roof, plumbing, and electrical systems.
Get manuals for smart home features, security systems, and appliances.
Verify any transferable warranties with the builder (for newer condos).

5. Understanding the Obligations is Essential

For condos or homes in condominiums, understanding obligations is essential.

Review CC&Rs (Covenants, Conditions & Restrictions).
Confirm any upcoming assessments or pending maintenance fee increases.
Ensure there are no unresolved disputes with the condo corporation from the previous owner.

7. Check Utility and Service Transfers

Ensure a seamless transition for essential home services.

Transfer utilities into your name.
Arrange for internet, cable, and security system activation.
Check if any pre-existing service contracts (lawn care, pest control) can be transferred.

8. Request Proof of Final Mortgage Payoff by the Seller

If the seller had a mortgage, ensure that it has been properly paid off and released.

Ask for a payoff letter or confirmation from the mortgage company.
Ensure all previous loans tied to the home have been satisfied.

9. Verify Property Boundaries and Easements

Property boundaries can become a major issue if they aren’t properly documented.

Request a recent property survey to confirm lot size and boundary lines.
Check for any shared driveways, access rights, or utility easements.

10. Secure Homeowners Insurance Before Closing

Lenders typically require homeowners insurance, but not all policies offer the same protection.

Confirm coverage for major risks like flooding, earthquakes, or high-value belongings.
Ask about available discounts for security systems, smoke detectors, or bundling with auto insurance.
Ensure the policy is active before closing day.

Closing on a home or condo is an exciting milestone, but it requires attention to detail. By thoroughly reviewing these key areas before finalizing the sale, you can prevent costly surprises and ensure a smooth transition into homeownership. If you’re preparing to close on a home, working with a trusted real estate professional can help you navigate the process with confidence.

Ready to make your move? Book a no-obligation call with me today — I’m here to help you every step of the way!

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