David Saks: 23 Procedures For Buying A New Home : #18 Delivering the Contracts

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

23 Procedures For Buying A New Home : #18 Delivering the Contracts

                               18

It's time to insure that all parties have all of the contracts and the information associated with them to begin the closing of the real estate transaction.

When the Offer to Purchase Contract is accepted and signed by the seller and delivered to buyer's agent, you, as the seller's agent, should record and promptly deposit buyer's earnest money in the company escrow account, review any under-Contract showing restrictions requested by the seller, deliver copies of the fully signed Offer to Purchase contract to seller, fax/deliver copies of the Offer to Purchase contract to the Selling Agent, fax copies of Offer to Purchase contract to lender, provide copies of the signed Offer to Purchase contract for office file, advise seller on how to handle additional offers and....

Change the status in the  MLS to "Sale Pending"

What else need to be done ?

Next : The Appraisal is Ordered




David Saks



Time&Temp Memphis

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Comment balloon 6 commentsDavid Saks • August 10 2008 03:49AM

Comments

Yes everybody needs a legible and clear copy of the signed contract.

Posted by Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com (Real Estate One) over 11 years ago

Everyone involved needs a copy of the contract, so everyone can be on the same page.

Posted by Carol Swain, Realtor, -www.swainsells.com- Bucks County, Pa (Keller Williams Real Estate) over 11 years ago

You need to follow through with the time frames and the removal of contingencies, inspections, etc.

Roxanne Schilling, Realtor at Lake Tulloch

Posted by Roxanne Schilling (Coldwell Banker Lake Tulloch) over 11 years ago

They sure do, Russ. Thanks for commenting.

Posted by David Saks ((retired)) over 11 years ago

So right, Carol. Nice to hear from you.

Posted by David Saks ((retired)) over 11 years ago

 Thanks for the suggestion, Roxanne. Look for next weeks entry in the continuing saga.

Posted by David Saks ((retired)) over 11 years ago

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