Sellers and Buyers

Action: I'll request contract changes from the other side if I think we need them, or you can choose to cancel the contract altogether. 
Tip: Act promptly.  This is your no-fault option to get out of the contract without giving a reason.

Deadline: 5 business days after acceptance date.

Action by Buyer: Arrange a home inspection and submit a list of repair requests to me.  Be sure and include the page/paragraph number where the item can be found in the report.  I will send a Repair Request letter to the other side. Action by Seller: You only respond to the Buyer.  If they don't ask, you don't have to do anything.  IF the Buyer makes a repair request I will forward it to you along with the inspection report.  We have 5 days from receipt to finalize an agreement with the Buyer.
Tip: Be realistic about how much repairing a seller will do, focusing on structural or safety issues.  You can't request a replacement for an older system as long as it works.

Deadline: 5 business days after acceptance date

Action: Finalize your mortgage approval.  Verify with your lender whether you have the Clear To Close (CTC) or not.
Tip: Keep in close contact with your lender.  Be sure and let this office know the status of your loan as the deadline approaches or your earnest money could be in jeopardy. 

Deadline: 5 days before the closing date or 45 days after acceptance, whichever is sooner.

Action: Check the property’s condition before closing.  Confirm that agreed repairs have been made and that the property is in substantially the same condition it was when you submitted you offer.
Tip: Schedule this with your agent.  Document any issues immediately, take pictures.

Deadline: Usually the day before or day of closing.

Action: A buyer should bring the following items to closing:

1. Valid Photo ID: Such as a driver's license or passport.  Bring a secondary ID, such as credit card, Voter Registration card, etc.
2. Personal Checkbook: For any last-minute adjustments.
3. Down Payment Funds: If below $50,000, bring a cashier's check made payable to the title company; if $50,000 or above, arrange a wire transfer to the title company.

Tip: Ensure you know the amount needed beforehand either from us or your loan officer, and consider bringing a little extra to cover any unexpected costs. Any overage will be refunded at closing.  

Action: At closing, a seller can expect to review and sign title company paperwork, transfer documents, and receive the proceeds from the sale. I will ensure that all legal aspects are handled correctly, including resolving any last-minute issues. 

Tip: Pre-sign instead, it offers:

• Time-Savings: You avoid spending several hours at the closing, which can often be prolonged due to lender approval and funding delays.
• Flexibility: Pre-signing allows you to complete necessary paperwork at a convenient time and title company location.
• Convenient Funds Transfer: Choose how you wish to receive the proceeds—by pick-up, mail, or wire transfer.
• Legal Assistance: I'm still explaining each document to you and answering any questions.  I'm just not sitting next to you when I do.