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Closing the Deal – Seller Responsibilities

By the MyBusinessFSBO.com staff

The following is a concise list of seller responsibilities between the Purchase Offer Contract date and closing day:
  • Prepare any necessary real estate lease(s)
  • Prepare promissory note (if seller financing involved)
  • Comply with any Bulk Sales Laws (requirements vary by state)
  • Settle all liens and outstanding liabilities
  • Provide for an inspection and physical inventory count by the buyer
  • Prepare any additional legal documentation required
  • Comply with any other provisions or contingencies in the Purchase Offer Contract
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