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The 23 Steps from Contract-to-Close
1
Negotiate the price, terms and conditions of all offers
2
Verify you have a complete fully executed contract
3
Prepare a sellers worksheet to determine estimate of proceeds
4
Contact closing company designated to close the transaction
5
Follow up with closing company to check on status of title search
6
Confirm that buyers good faith deposit has been received
7
Collect any deed restrictions, by-laws, rules, regulations, etc. (if applicable)
8
Coordinate interviews with condo/homeowner associations (if applicable)
9
Coordinate all inspections; including (home, 4-point, wind mitigation, termite)
10
Follow-up after all inspections have been completed to discuss results
11
Negotiate with buyer's agent any repairs based on inspection results
12
Maintain contact with the buyers lender until loan approval has been received
13
Coordinate appraisal with the lender
14
Coordinate survey with the title company
15
Confirm with buyer's agent that buyers have all necessary insurance
16
Notify or inform all parties of all applicable contingencies & deadlines
17
Contact any management companies to confirm restrictions, fees, etc.
18
Review final settlement statement/HUD to make sure all figures are accurate
19
Confirm with seller that any agreed upon repairs were completed
20
Coordinate final walk-thru of the property with the buyer's agent
21
Coordinate date and time for closing
22
Review of all items that you will need to bring for closing
23
Notify homeowner to cancel/transfer all services that pertain to the property