What We Do During The Offer And Contract

 

  • Receive And Review All Offer To Purchase Contracts Submitted By Buyers Or Buyers' Agents.

  • Evaluate Offer(s) And Prepare A "Net Sheet" On Each For The Owner For Comparison Purposes

  • Counsel Seller On Offers. Explain Merits And Weakness Of Each Component Of Each Offer

  • Contact Buyers' Agents To Review Buyer's Qualifications And Discuss Offer

  • Deliver Seller's Disclosure To Buyer's Agent Or Buyer Upon Request And Prior To Offer If Possible

  • Confirm Buyer Is Pre-Qualified By Calling Loan Officer

  • Obtain Pre-Qualification Letter On Buyer From Loan Officer

  • Negotiate All Offers On Seller's Behalf, Setting Time Limit For Loan Approval And Closing Date

  • Prepare And Convey Any Counteroffers, Acceptance, Or Amendments To Buyer's Agent

  • Send Copies Of Contract And All Addendums To Closing Attorney Or Title Company

  • When Offer To Purchase Contract Is Accepted And Signed By Seller, Deliver To Buyer's Agent

  • Record And Promptly Deposit Buyer's Earnest Money In Escrow Account

  • Disseminate "Under-Contract Showing Restrictions" As Seller Requests

  • Deliver Copies Of Fully Signed Offer To Purchase Contract To Seller

  • Deliver Copies Of Offer To Purchase Contract To Selling Agent

  • Send Copies Of Offer To Purchase Contract To Lender

  • Provide Copies Of Signed Offer To Purchase Contract For Office File

  • Advise Seller In Handling Additional Offers To Purchase Submitted Between Contract And Closing

  • Update Transaction Management System To Show "Sale Pending"

  • Review Buyer's Credit Report Results and Advise Seller Of Worst And Best Case Scenarios

  • Provide Credit Report Information To Seller If Property Will Be Seller-Financed

  • Assist Buyer With Obtaining Financing If Applicable And Follow-Up As Necessary

  • Coordinate With Lender On Discount Points Being Locked In With Dates

  • Deliver Unrecorded Property Information To Buyer

  • Order Septic System Inspection, If Applicable

  • Receive And Review Septic System Report And Assess Any Possible Impact On Sale

  • Deliver Copy Of Septic System Inspection Report Lender & Buyer

  • Deliver Well Flow Test Report Copies To Lender & Buyer And Property Listing File

  • Verify Termite Inspection Ordered

  • Verify Mold Inspection Ordered, If Required

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