Contract to Closing

t’s both exciting and stressful negotiating a real estate purchase contract. Once it’s signed by the sellers, buyers can relax a bit, but I can’t. There are still more negotiations, document deliveries, inspections, title details and mortgage tasks to be accomplished to reach a successful closing and walk away with the keys to your new real estate property.

There are more than 50 specific due dates and tasks on our average transaction checklist, but an overview of a few includes:

• Post contract delivery of documents to the title company and ordering of a title binder or commitment.
• Deposit of earnest money and delivery of receipt to the buyer client.
• Helping my buyers to order inspections and coordinating them and providing access to assure they’re completed on time.
• Coordinating timely delivery of any documents objecting to disclosures, inspection results, or title binder issues discovered.
• Coordinating appraisal and appraiser access.
• Working with the mortgage company and coordinating delivery of documents they require.
• Assisting my buyers with any negotiations related to contingencies, inspections or documents.
• Constant monitoring of status of all processes at the title company.

There are a number of companies and people involved in a real estate transaction, including attorneys, surveyors, appraiser, title company, mortgage broker, lender, loan underwriter, both agents, and possibly others. Each has specific duties and requirements, and each is concentrating on doing a good job for you. However, their focus is narrow, targeted on their specific niche in the deal. As your buyer agent, I am your “go-to” resource to bring it all together. I am here to coordinate the activities of all of these companies and people for you.

I am constantly monitoring those 50+ document delivery items and the work done by these people. Daily I check the progress against contractual deadlines and act on our project requirements. A lot of this activity goes on behind the scenes and you’re not even bothered. Some of it requires that I contact you and request documents or actions. Please understand that my overriding goal is a smooth transaction, and getting you through meeting all deadlines is one of my jobs. I’ll only bother you when necessary, telling you what I need and when, and moving you through to a successful closing.