CONTRACT TO CLOSING
Our sellers appreciate our services in listing, marketing and getting a buyer signed on a purchase contract, but nobody can rest at this point because there are a lot of more tasks and deadline deliveries on our normal residential seller side real estate transaction checklist.
The process of taking a signed purchase contract to closing involves many details, deliveries and document submissions. We coordinate all of this for our sellers, making sure that all phases of the closing process move along smoothly.
Title – We work closely with the title company to make sure that all documents and deliveries are processed in a timely manner. Though this is normally of more concern to the buyer, sellers must respond to their objections, so it’s important to know what’s in all recorded documents.
Inspections, Survey & Appraisal – Our job is to coordinate access for inspectors and the appraiser, and to accept deliveries of reports as well as any objections or correction requirements from the buyers. Every instance of delivery of an inspection and/or buyer objection requires a response and there are deadlines. We stay on top of these deadlines, make sure reports are delivered to you on time or extensions are put into place, and that you respond within required time lines.
Repair Negotiations – If the buyer submits requirements for corrective actions to items on reports, we work with our sellers to determine the cost of those requirements and the appropriate response necessary to keep the deal going in a way beneficial to our seller clients. We keep all of this on track for you and can recommend contractors we know do quality work at fair prices.
Lender Document Coordination – One of the leading causes of delayed closings is some problem with funding due to lender last minute requirements or other document demands. We are monitoring all document flows to make sure this doesn’t happen for our sellers, but you need to be very concerned with the buyer’s ability to obtain the loan and their lender’s process and ability to meet deadlines and fund at closing. Mortgage problems kill a lot of deals, so we’re going to be involved in the buyer’s process to protect our seller client.