Summer Moving/Closing? You Need This Checklist
Summer is the busiest season of the year for Title and Escrow Attorneys, especially in southern states like Tennessee and Kentucky. According to Consumer Affairs, Over 7.1 million Americans moved from one state to another in 2024. Tennessee was—and still is— a popular place. Data from multiple reports place Tennessee high on the list of most moved-to states. If you’re moving to Tennessee or Kentucky this summer, make essential closing tasks part of your moving checklist.
Summer Closing Checklist
First things first. Before you start checking-off closing to-dos, you sign the Purchase Agreement. That’s what puts the property “under contract” and specifies the terms of your real estate transaction. Price, contingencies and timeline are all set here. Usually, the period from contract to close lasts 30-45 days.
Knowing what to expect from contract to closing will help you better coordinate your moving plans.
Week One: Inspection/Deposits: After signing your contract, set up your Escrow account and hire a home inspector to ensure the property is livable and comfortable— and in the condition the seller says it is.
Week Two: Home Appraisal, Underwriting, and Title Search: The lender orders an appraisal to ensure the home's market value matches or exceeds the agreed-on purchase price. Their underwriting team reviews your financial documents to give final loan approval. Your title company completes a title search to ensure there are no outstanding liens or ownership disputes.
Be sure you’ve selected a homeowner’s insurance policy, so your mortgage financing will be complete and accurate.
Week Three/Final Week: Closing Time: At least 3 business days before closing, you’ll get the Closing Disclosure (CD) from your lender. You’ll have the final loan terms, and know your precise closing costs. The final walkthrough gets done this week, Make sure the property is in the agreed-upon condition and that all repairs have been finished.
Then it’s time for the closing appointment. You’ll sign a stack of documents (like the deed and the promissory note). If everything is as-agreed and in order, you’ll leave the appointment with a mountain of paperwork and the keys to your new home.
Don’t forget your valid ID, transfer receipt or cashier’s check (for closing costs and down payment).
Like having a hard copy of your to-dos for reference? The Consumer Financial Protection Bureau (CFPB) and American Land and Title Association have handy, printable closing checklists to help you stay on track.
What if Your Closing Gets Moved?
What happens in this case depends on the situation. But all the documentation must be updated with the new dates. There may be changes in the amount you owe at closing (or in late fees/prorated interest fees, if applicable). All parties involved should be informed of necessary changes as soon as possible to avoid legal and financial headaches on all sides. Some logistics/moving tasks that you’ll need to align with your closing date include:
Accommodations and Travel: Travel and temporary housing arrangements related to closing and move-in may need to be adjusted or extended.
Moving and Storage: If you have portable storage pods being delivered or moving trucks/companies helping you move, let them know of any changes as soon as you’re aware.
Boarding: Have pets? Make sure anyone boarding them or caring for them during this transition is in the loop on any changes.
Utilities: Check with utility companies (electric, water, internet, gas) and shift start dates as needed.
Be Flexible, Be Prepared
If you’re moving this summer, you’ve got a lot on your plate already. Work with a Kentucky and Tennessee Title Attorney who can help you stay ready for anything. Our team will keep you informed, and keep your real estate transactions on track. Buy and sell with confidence. Book a consultation with our team today.
