Ultimate Seller Process™
Step 3: Under Contract: Dates & Deadlines
Congratulations, you are under contract. This means you have accepted an offer on the sale of your home. This next phase is adhering to dates & deadlines in the contract and outlining when the buyer performs their due diligence.
Here’s what happens next. . .When your property has gone under contract, the next phase includes a lot of dates and deadlines. This is when the buyer will perform a series of activities based upon the signed contract. This can include items such as depositing earnest funds with the title company and performing their due diligence. Due diligence items can include things such as inspections, appraisal, HOA documents, surveys/ILC and so forth. This is also when the buyer can object if they find a condition unsatisfactory during this process. If the buyer objects, this is when negotiations begin. As the seller you have the right to accept, reject or negotiate. Don’t worry, I will be here with you through this process and will arm you with the information you need to make the decision that is best for you.
3 Things we need your participation with:
1. Attempt to make the house show-ready for inspectors/appraisers: utilize the open/house showing checklist below.
2. Cooperate with title requests: mortgage pay-off, POA forms, etc.
3. Be prepared to negotiate and act quickly. (There may be repair requests, appraisal concerns or lender requirements. There may also be documents for you to e-sign.)
Team Lead & Realtor®