Our seller clients really appreciate our services in listing, marketing and getting a buyer signed on the dotted line on a purchase contract. However, neither they nor we can rest just because a contract is inked. There are more than 50 tasks and deadline deliveries on my normal residential seller side real estate transaction checklist. And, we take our responsibilities seriously in the processing of all documents and meeting of all deadlines.

The process of taking a signed purchase contract through to closing involves a great many details, deliveries and document submissions. We coordinate all of this for our sellers, making sure that all phases of the closing process move along smoothly.

Title –  We work closely with the title company to make sure that all documents and deliveries are processed in a timely manner. We work with our sellers to examine all of their title and recorded documents to uncover all material defects and items of importance. Though this is normally of more concern to the buyer, sellers must respond to their objections, so it’s important to know what’s in all recorded documents. Example:  while there are normally few items in a title binder that can be corrected as they’re recorded and pass with the property, sometimes there are requirements or exceptions that weren’t expected but must be addressed.  With the more careful lending environment, more “quit-claim” deeds are being required as one example.  Perhaps you have a previous divorce and the lender wants better protection against claims and will require a quitclaim deed from your former spouse.

Inspections, Survey & Appraisal –  Our job is to coordinate access for inspectors and the appraiser, and to accept deliveries of reports as well as any objections or correction requirements from the buyers. We take this job seriously and will be with our sellers every step of the way. Every instance of delivery of an inspection and/or buyer objections requires a response in most cases, and there are deadlines. We stay on top of these deadlines, make sure reports are delivered to you on time or extensions are put into place, and that you respond within required time lines. Failure to do so could obligate you to repairs or other corrections or kill the deal.

 

Repair Negotiations –  If the buyer submits requirements for corrective actions to items on reports, we work with our sellers to determine the cost of those requirements and the appropriate response necessary to keep the deal going in a way beneficial to our seller clients. Should you agree to make certain repairs, there will be deadlines associated with completion, and possibly requirements for the buyer’s inspector to return and re-inspect for completion and repair quality. We keep all of this on track for you, and can recommend contractors we know do quality work at fair prices.

Lender Document Coordination – One of the leading causes of delayed closings is some problem with funding due to lender last minute requirements or other document demands. We are monitoring all document flows to make sure this doesn’t happen for our sellers. As the seller, you aren’t getting a mortgage, but you need to be very concerned with the buyer’s ability to do so and their lender’s process and ability to meet deadlines and fund at closing. Mortgage problems kill a lot of deals, so we’re going to be involved in the buyer’s process to protect you, our seller client.

Buyer’s Agent Coordination – It is my responsibility to keep in consistent contact with the Buyer’s Agent and coordinate all of the time lines and necessary documents that are needed by both sides of the transaction.  It is critical for my to have a good line of communication with the “other side” of the transaction to prevent delays or miscommunication that could cause an unsuccessful escrow.  Our goal is to always be involved in all aspects to achieve the smoothest process for our Sellers.

There are a number of companies and people involved in a real estate transaction and the Team at Realty Investments of Nevada knows the best in the business for our clients to put their confidence in.

We are constantly monitoring each step of the sales process and the work done by the professionals involved. Daily we check the progress against contractual deadlines and act on our project requirements. A lot of this activity goes on behind the scenes and you’re not even bothered. Some of it requires that we contact you and request documents or actions. Please understand that my overriding goal is a smooth transaction, and getting you through meeting all deadlines is one of our jobs. We will only bother you when necessary, telling you what we need and when, and moving you through to a successful closing.

Our team is obsessed with proper follow-up and detailed coordination of every step of the closing process for our seller clients. It’s critical that we make all deadlines and keep the transaction on track to avoid defaulting on any terms of the contract. We will keep your real estate transaction on track, and you’ll have the time and advice you need to assure you’ve covered all of the bases prior to closing.

As a top Realtor® in Las Vegas, Leah Soares will be a great asset for you that you can consider part of Your Personal Real Estate Home Selling Team.

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