List in MLS (Multiple Listing Service) and begin broadscale promotion
Negotiation: from offer to contract
Receive offer(s), review lender letter(s) and confirm
Review all contingencies: financing, appraisal, HOA or Condo docs, inspections, etc., in each offer
Either accept, reject or counter and negotiations ensue until all agreed
Sellers/Buyers accept, sign and initial any/all changes and contract is ratified/binding
Between contract & closing
Title company requests your information to request loan payoff(s) and title search
Inspections done
Negotiate repairs
Appraiser visits
Buyer obtain appraisal & may negotiate if below contract price
Pest inspection
Title Examination sent to lender for approval
Buyers lender prepares and sends closing disclosure to buyer
Buyers lender sends loan documents and wires funds to title company
Contact utility companies to cancel day after closing
Closing
Settlement day wherein seller and buyer sign all required documents, and seller delivers all keys
Title company has property recorded at County Courthouse then disburses funds
Seller is no longer property owner
Miguel Avila, Realtor® Salesperson, ABR®, CIPS®, CRS®, GRI®, SRES®, ePro® Top 5% Realtors Nationwide
Keller Williams Realty
6820 Elm St
McLean, VA 22101 703-636-7300
Licensed in VA, MD, DC & FL 📧