- REALTOR
- Find a Real Estate professional you will be comfortable with telling them everything.
- Make sure the professional understands why you are selling.
- Find out their marketing and overall plan to sell your house.
- Do they hire a professional photographer or take their own photos of your house.
- What does the contract say if you are not happy and would rather work with a different Agent.
- OFFERS/ CONTRACT
- Is there a Binder/ Earnest Money Deposit?
- Loan approval length (45 is standard but 25-30 is preferred)
- Closing date
- Closing cost
- 24 hours to respond but can be anything. If multiple offers, notify all Agents involved to make highest/ best offer.
- Once offer is Accepted, signed and BOTH parties have a copy the offer then becomes a Contract.
- BUYER RESPONSIBILITIES
- 5 Daysto complete loan application with their lender.
- 3 Daysafter loan application, appraisal fee must be paid to lender.
- 10 Daysto do any and all inspections (general, WDO and pool) including to verify Home Insurability.
- 7 Additional Daysfor repair negotiations.
- WDO INSPECTION (Wood Destroying Organisms) (Paid by Buyer)
- Required for all VA loans. Optional for other loan types.
- VA will not approve a loan without a clear WDO Inspection Report
- APPRAISAL (Paid by Buyer)
- Must be paid within 3 days of loan application
- If the home appraises for less than the agreed purchase price there are four options: 1.) Seller comes down on purchase price. 2.) Seller can pay the difference. 3.) Buyer can pay the difference. 4.) Both the Buyer and Seller split the difference.
- TITLE COMPANY/ ATTORNEY
- Run a Lien check
- Collect All monies due
- HOA Fee Check
- Calculate all Closing Costs
- Closing typically takes place at the office of the Title Company/ Attorney.
- FINAL WALK THROUGH
- Within 24 hours of closing
- Checking to make sure the house is still in the same condition when contract was made, all appliances per contract are still in the home and all repairs are done.
- CLOSING
- Title company will verify funds and distribute according to contracts.
- Sign in BLUE ink.
- Receive the house keys, mailbox keys, garage door openers and amenity access to your new home.
CONGRATULATIONS!
