Contract to Closing
Our seller clients really appreciate our services in listing, marketing and getting a buyer signed on the dotted line on a purchase contract. However, neither they nor we can rest just because a contract is inked. There are numerous tasks and deadline deliveries on our normal residential seller side real estate transaction, and we take our responsibilities seriously in the processing of all documents and meeting of all deadlines.
The process of taking a signed sales contract through to closing involves a great 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 and attorneys to make sure that all documents and deliveries are processed in a timely manner.
- 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. We take this job seriously and will be with our sellers every step of the way. Every instance of delivery of an inspection and/or buyer objections requires a response in most cases, 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 inspection reports, we work with our sellers to determine the cost of those repairs and the appropriate response necessary to keep the deal going in a way beneficial to our seller clients. Should you agree to make certain repairs, there will be deadlines associated with completion, and possibly requirements for the buyer’s inspector to return and re-inspect for completion and repair quality. We keep all of this on track for you, and can usually 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 will monitor all document flows to help make sure this doesn’t happen for our sellers. As the seller, you aren’t getting a mortgage, but you need to be very concerned with the buyer’s ability to do so 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 you, our seller client.