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Property Purchase Checklist - Summary

Updated: Aug 17, 2022

In the last three articles, we covered the steps we need to take in order to purchase a property the right way.


The articles were divided into three parts - before purchase, while in escrow, and after purchase.


Before purchase, when we check that the deal makes sense, we run comps, and we put the property under contract.

During escrow, when we make proper due diligence and plan for the day after.


And lastly, after closing, when you take over the property and start executing your plan.


Here is a summary table of all documents you should have at the end of the purchase process:

Phase

Document

Who Should Provide

Before Purchase

Purchase Agreement

Agent

Before Purchase

Inspection receipt

Inspector

Before Purchase

Inspection Report

Inspector

Before Purchase

Tenant Details, leases, are they current on rent?

Agent / Lawyer

Before Purchase

PINA

Agent

Before Purchase

Wire Instructions

Title / Lawyer / Agent

Before Purchase

EMD confirmation

Bank Print

While In Escrow

Insurance quote

Insurance Agent / Company

While In Escrow

Closing Statement

Lawyer / Title

While In Escrow

Wire confirmation

Bank Print

While In Escrow

Tenants leases

Agent / Lawyer

After Closing

Recorded Deed

Lawyer / Title

After Closing

Bills on your name

Service Provider


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