Contract to Closing Process

My sellers appreciate my services in listing, marketing, and getting a buyer signed on the dotted line of the purchase contract. However, neither they nor we can rest just because a contract is inked. There are more than 50 tasks and deadline deliveries on my normal residential seller side real estate transaction checklist. And, I take my fiduciary responsibilities seriously in the processing of all documents, the meeting of all deadlines, and keeping you well informed along the way.

The process of taking a signed purchase contract through to closed escrow involves a great many details, deliveries, and document submissions. I coordinate all of this for my sellers, making sure that all phases of the closing process move along smoothly.

Title – I work closely with the title company to make sure that all documents and deliveries are processed in a timely manner. I work with my sellers to examine all of their title and recorded documents to un-cover all material defects and items of importance. 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 & Appraisal – My job is to coordinate access for inspectors and the appraiser, and to accept deliveries of reports as well as any objections or concession requests from the buyers. I take this job seriously and will be with you every step of the way. Every instance of
delivery of an inspection and/or buyer request requires a response and there are deadlines. I 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.

Property Condition Negotiations – If the buyer submits concession requests based on previously undisclosed defects uncovered during buyer’s inspections, I work with you to determine the most appropriate response. 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. If instead, you agree to a price reduction or closing cost credit, proper documentation will have to be generated and signed by all parties. My job is to keep all of this on track for you. I do it very well.

Lender Document Coordination – One of the leading causes of closings getting delayed is some problem or other with funding due to last minute lender requirements or other document demands. I am monitoring all document flows to make sure this doesn’t happen during the last days of our escrow. 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 I am going to be involved in the buyer’s process as well, in order to protect you and your best interests.