Home >>> The Property Listing Process
The property listing and selling procees is as follows:
- Initial Contact and basic information gathering
- Reviewing Working with Real Estate Agents
- Property visit for extended information gathering and price opinion
- Review of the marketing plan
- Reviewing the various forms involved in the process
- Entering into an "Exclusive Listing Agreement"
- Performing marketing and sales activities
- Receiving and reviewing an offer
- When the offer becomes a contract
Once the "Offer to Purchase" is accepted by both parties, it becomes a binding contract on the terms and conditions of the offer. There are numerous processes involved from this point that need to be done in a time schedule as determined by the closing date specified in the contract. Here are the steps after entering into a contract:
- Choosing a closing attorney (buyer does that)
- Property inspections (home and pest, buyer orders that)
- Ordering any repairs (if applicable)
- Ordering a survey (if applicable)
- Ordering an appraisal (this is often ordered by the lender)
- Going to closing
|