Real Estate IRA Checklist>Check List For Purchasing Real Estate in Your Self Directed IRA

Check List For Purchasing Real Estate in Your Self Directed IRA

1 Notify Sunwest of intent to purchase real estate.

2 Negotiate the purchase of the real estate.

3 Make sure that the Purchaser on the purchase agreement is Sunwest Trust, Inc., custodian for __________________ IRA.

4 Review the purchase agreement and if needed have your attorney and/or accountant review it. Sign below acknowledging review: _____________________________________

5 After reviewing the purchase documents contact Sunwest Trust, Inc. to sign as custodian for your IRA and disburse funds for earnest money, if needed. A Direction of Investment form will be required to instruct Sunwest to sign on behalf of your IRA. Do not sign any documents since this is an IRA purchase.

6 Deliver the purchase documents back to your realtor or title company to prepare for closing.

7 When the title company notifies you that they are ready to close your transaction, pick up the documents and review them along with your attorney and/or accountant. Sign below acknowledging your review: ___________________________________

8 After your review of the final closing documents, contact Sunwest Trust, Inc. to sign as custodian for your IRA. Do not sign any documents since this is an IRA purchase.

9 Direct the title company to send all closing documents to Sunwest with copies to you if you so desire.