After Listing Agreement / Entering Property in MLS Database / Marketing the Listing / The Offer and Contract / Tracking the Loan Process / Home Inspections and Appraisals / Closing Preparations and Duties / Follow Up After Closing
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 buyer's agents to review buyer’s qualifications and discuss offer
Fax/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
Fax copies of contract and all addendums to 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.
Deliver copies of fully signed Offer to Purchase contract to seller
Provide copies of signed Offer to Purchase contract for office file
Advise seller in handling additional offers to purchase submitted between contract and closing
Change status in MLS to “Sale Pending”
Update transaction management program to show “Sale Pending”
Assist buyer with obtaining financing, if applicable and follow-up as necessary
Verify inspections ordered
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