The process of taking a signed purchase contract through to closing involves a many details, deliverables and documents. I coordinate all of this for my sellers, making sure that all phases of the closing process move along smoothly.
I work closely with the title company and attorneys to make sure that all documents and deliveries are processed in a timely manner. I work with my 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.
Inspections, Survey & Appraisal
My job is to coordinate access for inspectors and the appraiser, and accept deliverables of reports, as well as any objections or correction requirements from the buyers. I take this job seriously and will be with you every step of the way. Every inspection and/or buyer objections requires a response by a deadline. I stay on top of these deadlines, make sure you receive the reports extensions and that you respond within required time lines. Failure to do so could obligate you to repairs or other corrections and can even kill the deal.
If the buyer submits requirements for corrective actions to items on reports, I will work with you to determine the cost of those requests and the appropriate response necessary to keep the deal going. Should you agree to make certain repairs, there will be deadlines associated with its completion, and possibly requirements for the buyer’s inspector to return and re-inspect for completion and repair quality. I keep all of this on track for you, and can recommend contractors I know who do quality work at fair prices.
Lender Document Coordination
One of the leading causes of delayed closings is a problem with funding due to a lender’s last minute requirements. I monitor all document flows to make sure this doesn’t happen for my 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!