Processing the Sale

by on July 17, 2009

A Real Estate Consultant has more responsibilities than listing and showing. You should be aware of what any agent has to do for you after the contract is signed:

1. Open Title.

2. Deliver Earnest Money Contract and check to the Title Company.

3. Obtain receipt for earnest money check from the Title Company.

4. Order all necessary inspections.

5. Examine the Title Commitment for clouds and make sure problems are disclosed early so closing is not delayed.

6. Insure that you receive copies of all documentation pertinent to the transaction.

7. Note all contingencies and attempt to remove them within the time limit provided or get an extension, if needed.

8. Keep you abreast of buyer’s loan application and the progress of appraisal on your home.

9. Be present during inspections and keep you informed of their findings:

a. Roof
b. Pest Control
c. Pool
d. Building
e. Plumbing & Heating

10. Arrange any required termite treatment and obtain certificate.

11. Coordinate execution of any required repairs.

12. Verify survey has been ordered and completed.

13. Provide Title Company with any changes for HUD 1.

14. Have closing papers drawn before closing so that if any problems arise, we can solve them.

15. Coordinate the closing and move-in dates so that they are as convenient to both parties as possible.

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