Prop Hound
Closing Day Checklist
The last checks before you sign, so nothing gets missed on the one day you can't redo.
- Did a final walkthrough to confirm the property matches what I agreed to buy.
- Confirmed exactly what funds my title company requires, and how (wire vs. cashier's check).
- Reviewed the closing statement (the Closing Disclosure, for a conventional loan) against my loan terms before closing day.
- Confirmed utilities are set to switch into my name the day I close.
- Confirmed my insurance is active before closing, not after.
- Confirmed who holds the keys and exactly when I get them.
- Confirmed my first mortgage payment date.
- Got copies of every signed document.
How to use this checklist
Work through it top to bottom for the specific property or market you’re looking at, and don’t mark an item done until you’ve confirmed it yourself or heard it from someone you trust. If an item doesn’t apply, write down why, since the reason is often the thing you want to remember when you compare it against the next property. Keep your answers somewhere you can find them, such as a note per property. It is general information, not tax, legal or financial advice, so check anything high-stakes with a qualified professional. You can also print this page or get the PDF in the First-Time Investor Toolkit.
More rental investing checklists
- The Market Selection Checklist
- Financing Options Rundown
- Tenant-Friendly vs. Landlord-Friendly States
- The Out-of-State Investing Checklist
- Canadians Investing in US Property Checklist
- The Deal Analysis Checklist
- The Property Walkthrough Checklist
- The Offer Submission Checklist
- Working With an Inspector
- Buying an Occupied Rental Checklist
This checklist covers one step. We check new listings every night.
Prop Hound screens new rental listings in your market against your own numbers, so you only see the ones worth running a checklist like this on.