The Home Sale Process for Sellers

A step-by-step guide of the home selling process

The home selling process is unknown by many but it doesn’t have to be complicated.  Below, is a guide that follows the typical home selling process.

GUIDE:  Underline = Attorney’s responsibility     Bold = Seller’s responsibility

  1. You sign the real estate contract, accepting offer and send to us ASAP
    1. We get in touch with the buyer’s attorney and mortgage lender
  2. Inspection of property and modification phase
    1. We receive inspection report and buyer’s attorneys’ letter proposing repairs and changes they would like made before purchasing the property
    2. With our help and guidance, you decide how to respond to their requests
    3. We document the revised agreement and send it to their attorney
    4. Buyer agrees to revised agreement
    5. You schedule and complete all agreed repairs
  3. Loan Approval Phase
    1. We order title and address title issues that turn up
    2. We wait for the Buyer’s lender to issue loan approval
    3. We wait for Buyer’s lender to mark the file “Clear to Close” (This is usually the biggest hold up in the transaction)
    4. We schedule closing time and place with buyer and lender
  4. Pre-Closing Phase
    1. We prepare Deed, Affidavit of Title, Transfer Tax documents, Bill of Sale, 1099 documents, ALTA statement, FIRPTA documents, Power of Attorney and other closing documents necessary to sell your home
    2. If you don’t want to attend the closing personally, you can schedule a meeting with us to sign documents before the scheduled closing
  5. Closing
    1. We attend the closing and finalize the transaction
    2. Home is Sold

 

Contact us today to sell your home!

847-714-2866

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