CLOSING THE DEAL

It’s exciting finally negotiating a real estate purchase contract. Once it’s signed by the sellers, buyers can relax a bit, but we can’t. There are still more negotiations, document deliveries, inspections, title details and mortgage tasks to be accomplished to reach a successful closing and walk away with the keys to your new real estate property.

There are more than 50 specific due dates and tasks on our average transaction checklist, but an overview of a few includes:

• Post contract delivery of documents to the title company and ordering of a title binder or commitment.
• Deposit of earnest money and delivery of receipt to the buyer client.
• Helping our buyers to order inspections and coordinating them and providing access to assure they’re completed on time.
• Coordinating timely delivery of any documents objecting to disclosures, inspection results, or title binder issues discovered.
• Coordinating appraisal and appraiser access.
• Working with mortgage company and coordinating delivery of documents they require.
• Assisting our buyers with any negotiations related to contingencies, inspections or documents.
• Constant monitoring of status of all processes at the title company.

There are a number of companies and people involved in a real estate transaction, including attorneys, surveyors, appraiser, title company, mortgage broker, lender, loan underwriter, both agents, and possibly others. Each has specific duties and requirements, and each is concentrating on doing a good job for you. However, their focus is narrow, targeted on their specific niche in the deal. As your buyer agent, we are your “go-to” resource to bring it all together. We are here to coordinate the activities of all of these companies and people for you.