Real Estate Contract to Close – Where the Real Work is Done!

Selling a house has many phases, but what many people do not understand is that the hard work begins AFTER the house goes under contract. This is where you need a strong Realtor, and even better, a real estate team, where people are specializing in managing each part of the process. I wanted to share with you just a few things we need to keep a close eye on, as we work toward a smooth closing.

  • Contracts and all addenda are completed and sent to lender and attorney
  • Due diligence and earnest money checks are collected and distributed to correct parties
  • Inspections begin. Home, pest, radon, well and septic, whatever is applicable and what the type of loan warrants
  • Repair negotiations take place and are agreed upon
  • Contractors are hired and repairs are managed and completed
  • Appraiser is scheduled and appraisal is completed
  • A home warranty is ordered and put in place
  • The final walk-thru is done a couple of days before the closing
  • Settlement documents are reviewed and approved
  • Closing Day!!
With a strong real estate team, this process can go very smoothly. Make sure you pick your Realtor wisely. There is a lot to manage and an agent not on top of these items, can jeopardize your sale. If you are looking for an experienced team that is known for a smooth contract to close process, The Key Team is here to help!

Written by:

Contract to Close Coordinator for The Key Team