Now that you have a contract on your house, you are approximately half-way to completing the sale. Details become even more important now, since sales are lost when necessary details are not handled properly.
Mark your calendar with time-critical dates from the contract and on all amendments, attachments and forms. (Such as when the property inspection must be complete, when the buyer must have financing approval, and all other contingency dates.) If you overlook these dates, you may lose the sale or be in breach of contract – both of which may have financial and legal implications. If your buyer is working with a real estate agent, you may be relieved of some of the following duties, but you will need to coordinate with the agent to make sure all details are covered.
Below are lists of items and approximate time frames for their completion:
Jeff’s Note: One of the most frequently overlooked items that can delay a closing is the lack of certified funds for closing. If you are working without an agent, you may want to remind the buyer that these funds are needed at the closing, just in case they don’t know. You may want to let them know that getting funds from certain sources, such as stocks and equity lines, can take up to three days
See what other buying and selling checklists can help your real estate ventures go smoothly.
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