|
|
Carol McDonald
RE/MAX Homeward Bound
(800)632-4762
|
|
|
|
|
|
|
|
|
Process
In the process of getting a home ready for sale and keeping it
in good condition for showings, it's easy for homeowners to
overlook the actual process of selling their home.
Although a real estate agent typically handles the pricing,
marketing and negotiating, there are several additional steps in
the actual process of closing the sale once the purchase and
sale agreements have been signed.
Step 1 - Contingency removal: The most common contingencies are
inspection, financing and the sale of the buyer's current home.
These conditions must be removed or waived before the sale can
close.
Step 2 - Appraisal and title report: The buyer's lender requires
a formal appraisal to confirm the value of the home. This is
then used as collateral to secure the loan. The title report
ensures that the seller has clear title to the property and has
the right to transfer ownership.
Step 3 - Prepare closing documents: Escrow service companies or
real estate attorneys prepare documents that confirm the
transaction, prorate funds, etc.
Step 4 - Signing of closing documents: Although both parties may
have signed closing documents and deposited funds, the sale
actually closes when the deed is recorded and the proceeds are
available to the seller.
Step 5 - Signed documents go to the lender for final review.
Step 6 - The deed is recorded and funds disbursed.
Step 7 - The seller receives the proceeds and the moving van
arrives.
Step 8 - The buyer gets the keys.
There are many opportunities for surprises or delays in a
transaction. Part of my expertise is in troubleshooting problems
that arise in the closing process. Please email or call me if
you have any questions or would like more information.
Sincerely,
Carol McDonald, CRS, SRES
RE/MAX Homeward Bound
(800) 632-4762
e-mail: carol@cmchomes.com |
|
|
|
|
|
|
|
|
|
