Contract to Close

Offers And Contingency Period

Present, negotiate, finalize all offers. As well as obtaining an approval letter from the purchaser’s lender or proof of funds if the buyer is paying cash. We make sure the buyers do their inspections in a timely manner. We open the house for inspectors if need be and once inspections are done we will negotiate repairs if any, During the contingency period, we continue to market the property. During this contingency time the buyer will order the termite bond transfer, wood infestation report, survey, and if needed the home warranty and septic tank inspection. Once all inspections are completed and agreed upon, the lender orders the appraisal. We set up the closing with the closing attorney and lender, as well as send the clear title to the attorney. We work with the co-op agent to ensure all documents are ordered, checked and received by the closing attorney.

PRE-CLOSING

The closing attorney contacts you to order your mortgage pay-off as we near closing. They also coordinate with the purchaser to make sure all their financing is in place to close. We monitor to make sure this is completed.

A couple days before closing, the closing attorney sends out a settlement statement and closing package. We check the settlement statement for errors but it’s always important for you double check and make sure there are no errors as well.

Post Closing

We change the listing status in the MLS to sold, remove the signs and arrows from the home and neighborhood, lockbox from the home, and give the keys to the new homeowner.

We keep a copy of the settlement statement in our file and we will send you a copy of it in February for tax purposes.