- Locate your Owner’s Title Insurance Policy. Be prepared to deliver a copy of
it to your listing agent, and to your designated title company. This not only
creates efficiencies, but also minimizes the risk of title objections. Your policy
may also qualify for a re-issue credit discount! The FR-Bar Contract for Sale
and Purchase also contains a provision regarding the Seller providing their
existing title policy ( ) Completed.
- If you have them, locate your property Survey and Flood Elevation Certificate
and deliver it to your listing agent and to your designated title company.
Become familiar with your flood elevation. ( ) Completed.
- Locate your mortgage statement (s) for loan information and bank contact
information. This includes credit lines. See attached worksheet. ( ) Completed.
- If applicable, have Condominium and Homeowner’s Association contact
information at hand. If your property is a condominium, be prepared to order
the Declaration of Condominium, including Question and Answer Sheet,
Governance Form, Current Year End Financial Information and any recorded
Amendments. These items are required under the contract to be delivered to
your purchaser and typically carry a fee payable to the management
company. ( ) Completed. If you are in arrears on association payments, ask for a
print out of the balance due ( ) Completed.
- Find out if there are any open or expired permits on your home. They may
exist prior to you purchasing your property, but MUST be closed out with the
municipality prior to closing. Contact the City or County to obtain a permit
history. Disclose any structures or repairs made without permits, or any
other uncorrected building, environmental or safety code violation. If Selling
“AS IS”, you will still need to disclose the status. ( ) Completed.
- If any parties to the transaction are not local and accessible, notify your
listing agent so that arrangements can be made in advance to properly
execute documents for closing before a notary public.
- All parties that are on the title (deed) to the property, and those added on
subsequently by quit claim deed are necessary parties to sign the listing
agreement and transfer documents. Also, on homestead property, if you are
married, but your spouse is a non-title holder, he or she must sign the listing
agreement and the deed at closing as well.
Please call any one of our Florida Title & Guarantee offices or Title Representatives to answer any other title related questions. It’s never too early to be properly prepared for a smooth sailing closing later! It would be our pleasure to assist you. For your convenience, we have also attached a form to assist you in completing your closing requirements.
Florida Title and Guarantee Staff