Listing To Closing – SELLER

  • Seller and Realtor meet at the property, evaluate condition, repairs and staging, if needed
  • Check with appropriate governmental agency for open permits
  • Prepare Market Analysis to determine value based upon recent closings

Documents Needed:

  • Warranty Deed (original recorded)
  • Title Policy
  • Survey
  • Elevation Certificate
  • Insurance information

Marketing Plan:

  • Professional-grade photography, floor plan, Virtual Tour, create web page specific to your home
  • Create marketing narrative drafted with client input
  • Post property in the Multiple Listing Service (MLX), this automatically publishes to over 500 websites, including Zillow, Trulia, Realtor.com, Home Finder, etc.
  • Feature property on landing page of BHHS EWM Realty website
  • Showing system set-up in our MLX system
  • Order sign placed in yard
  • Post property online with social media and EWM blog
    • Instagram
    • Face Book
    • LinkedIn
    • Twitter
    • YouTube post virtual tour and embedded in landing pages of company and personal website
    • Client shares property with their preferred social contacts
  • Schedule Brokers Open House,  if permitted by building
  • E-Flyer announcing Open House 
  • Blog posts for Open House
  • Will obtain feedback from showings
  • Will accompany listing showing
  • Notify select EWM agents specializing in the area of your listing

Contract Receipt:

  • Require agent’s buyer to have a pre-approval letter from their lender if they are obtaining a loan, or if cash, proof of funds prior to seller acceptance and signing of a contract
  • Offer is presented: you may 1) accept 2) reject or 3) counter offer
  • Once the buyer receives your counter offer, they have the same options; 1) accept 2) reject or 3) counter offer
  •  This continues until buyer and seller agree on price and terms

Once contract is accepted and signed:

  • Order inspections.  If it is an “As Is Sale”, buyer has  approximately 10-15 days from the “Date of Contract”, referred to as the “Inspection Period”, to have inspections made and decide if they are accepting the property or cancelling.  Cancelling must be done in writing within the inspection period.  (See contract language).
  • Lender will order the property appraisal (banks valuation of the property)
  • Recommend that the survey is ordered at the same time as the appraisal

Buyer:

  • Apply for insurance and obtain insurance binder: includes 4-point inspection, windstorm and flood (if applicable). 
  • A 4 Point Insurance Inspection is required to obtain homeowner insurance: roof, A/C, electrical & plumbing, plus Wind Mitigation roof report.
  • Loan commitment follow-up with agent and buyer’s lender to comply with their required documentation and verifications within the contract time period; 20-30 days.  Under the new Consumer Financing Protection Bureau (CFPB) requirements as of October 3, 2015, all documents must be approved by all parties at least three days prior to closing, otherwise the closing could be delayed.  This includes the Closing Disclosure (former HUD)

Prior to Closing:

  • Confirm all lender documents are submitted and approved by all parties including the Closing Disclosure
  • Walk through inspection: to make sure all items and property are in the same condition as at the time of contract signing; a second walk through may be scheduled 1-2 days prior to closing
  • Give wire instructions to the title company for the balance of funds due you at closing  
  • Schedule utilities disconnections: telephone, cable, internet, water & sewer, electricity, and gas if applicable

Closing Day!