The Real Estate Process – How I serve you

There’s a lot that happens in a short period of time in the real estate process to buy or sell a home. Essentially, here’s a look at what I do before I get paid. This is a look at the real estate process in detail, step by step, to make sure you have everything you need up to the day of closing, or settlement. Your transaction typically ends when you’ve received your keys, or as a seller – handed them off to the buyer.

  1. Meet to discuss your goals
  2. Explain Agency Relationships
  3. Prepare and present State Required Agency Disclosures
  4. Discuss your Goals
  5. Discuss Market Conditions
  6. Discuss Financing and Financing Options
  7. Refine Expectations based on Financing options, the Market, and your Goals
  8. Provide Lender Resources
  9. Connect with your Lender
  10. Obtain your Pre-Approval letter from your lender
  11. Discuss the Transaction Process
  12. Discuss Earnest Money Deposits
  13. Discuss the Due Diligence Process
  14. Discuss the Due Diligence Period
  15. Discuss the Due Diligence Fee and Earnest Money Deposit forfeiture processes
  16. Explain the Home and Property Inspection Process
  17. Discuss Home and Property Inspection fees
  18. Gather information about your specific Needs & Wants
  19. Began to formulate a Home Search to send listings to you
  20. Incorporate School information if Needed
  21. Create Internal Files for Office, Attorney, Lender
  22. Send Home Search based on Client Criteria
  23. Share Knowledge and Insight about homes
  24. Answer Preliminary questions based on Home Search
  25. Update lender based on Progress
  26. Preliminary Review of All Listing Agent Provided Docs and Info
  27. Schedule and Organize Showings based on Client Feedback
  28. Send Approved Showing Schedule to you
  29. Arrive early at First Showing
  30. Preview Homes if Required or Necessary
  31. Discuss Recording Devices and or Client Recording in Homes
  32. Discuss Client Comments in Homes During Showings
  33. Discuss Seller Attended Showings
  34. Walk-through Homes with Clients
  35. Note Repair Issues
  36. Take note of Client Likes and Dislikes
  37. Discuss HOAs
  38. Discuss the Repair Process
  39. Review Inspection Process at the Home during walk-throughs
  40. Address Wear and Tear at the Walk-through
  41. Gather any Client requests regarding Utility Usage
  42. Discuss MLS and Property Data
  43. Discuss and Set Survey Expectations
  44. Discuss How Home Warranty’s Work
  45. Set Home Warranty Expectations
  46. Advise Client on Personal Property vs Real Property
  47. Gather information on Client’s Repair/Upgrade/Updating Aptitude
  48. Begin Appraisal Process Discussion
  49. Collect Client Feedback about each Listing
  50. Discuss Multiple Offers
  51. Provide Listing Agents with Buyer Feedback
  52. Provide Sample Offer/Comp Data if Needed
  53. Contact Listing Broker for Additional Info/Property Status
  54. Contact Lender for Updated Pre-Approval
  55. Prepare Offer to Purchase and Contract
  56. Prepare Required Addendums to Offer to Purchase and Contract
  57. Confirm Due Diligence Period with Lender/Set Expectations
  58. Collect Buyer Signed Required Disclosures
  59. Confirm Closing/Settlement Dates
  60. Confirm Offer Data including All required Buyer Signatures
  61. Submit Offer to Listing Broker
  62. Begin Contract Negotiation Process
  63. Confirm Executed Contract
  64. Update Internal Office Files
  65. Send Executed Contract to all required Participants
  66. Coordinate Settlement Date and Time with Attorney/Lender/Client
  67. Coordinate Due Diligence Fee Delivery
  68. Coordinate Earnest Money Deposit Delivery
  69. Confirm Buyer’s Receipt Of State Required Disclosures
  70. Confirm FHA/VA Processes Docs and Fees
  71. Check Appraisal Timeframe with the Lender
  72. Coordinate Home Inspection Scheduling
  73. Coordinate Hiring and Delivery of Property Survey
  74. Discuss Home Inspection Results
  75. Negotiate Home Repair Requests in Writing and Signed
  76. Schedule Post Home Repair Walk-through/Re-Inspection
  77. Confirm Survey Delivery
  78. Order Home Warranty
  79. Confirm Satisfactory Appraisal
  80. Check with lender to Confirm Loan Status
  81. Provide Client with List of Utilities
  82. Confirm Client has completed New Property Insurance
  83. Confirm Lender has Title Insurance Binder
  84. Set Expectations/Discuss and Perform Home Repair Walk-through/Re-inspection
  85. Reminder/Confirm Utility Transfer
  86. Receive and Review Settlement/Closing Docs
  87. Review Closing Figures/Discuss Confirm with Client
  88. Perform Final Walk-through
  89. Set Expectations/Attend Settlement/Closing
  90. Sign Closing Disclosures
  91. Facilitate Key Transfers
  92. Send Final Docs to Client
  93. Close out internal Office File

Contact me, I’m happy to discuss the process and my fee to represent you.

23 Common Terms in real estate transactions I negotiate on your behalf as a buyers Agent –

  1. Purchase Price
  2. Earnest Money Deposit
  3. Due Diligence Period
  4. Due Diligence Fee
  5. Agreement to Pay Buyer Expenses
  6. VA/FHA Prohibited Lender and Inspection Costs
  7. Home Inspection Report
  8. Pest Inspection Report
  9. Other Inspection Reports ie. Roof, Sewer/Septic, Rodent etc
  10. Seller Items that do Not Convey 
  11. Personal Property Present on Date of Offer
  12. Selection of Closing Attorney
  13. Home Warranty
  14. Inspection Contingency
  15. Appraisal Contingency
  16. Home Repairs/Improvements
  17. Pest Clearance
  18. Seller paid Broker Commissions for VA
  19. Seller Paid Inspection fees for VA
  20. Days until Close
  21. Settlement Date
  22. Government Requirements
  23. Right To Terminate/Termination Notice

11 Possible Attached Addenda including Other Attorney or Party Drafted Addenda:

  1. Additional Provisions Addendum
  2. Additional Signatures Addendum
  3. Backup Contract Addendum
  4. FHA/VA Financing Addendum
  5. Lead Based Paint or Lead Based Paint Hazard Addendum
  6. Loan Assumption Addendum
  7. New Construction Addendum
  8. Owners Association Disclosure Addendum
  9. Seller Financing Addendum
  10. Short Sale Addendum
  11. Vacation Rental Addendum

Contact me, I’m happy to discuss my fee to represent you as a Buyer’s Agent.

21 Common Terms in real estate transactions I negotiate on your behalf as a listing Agent –

  1. Purchase Price
  2. Earnest Money Deposit
  3. Due Diligence Period
  4. Due Diligence Fee
  5. Agreement to Pay Buyer Expenses
  6. VA/FHA Prohibited Lender and Inspection Costs
  7. Home Inspection Report
  8. Pest Inspection Report
  9. Other Inspection Reports ie. Roof, Sewer/Septic, Rodent etc
  10. Seller Items that do Not Convey 
  11. Personal Property Present on Date of Offer
  12. Inspection Contingency
  13. Appraisal Contingency
  14. Home Repairs/Improvements
  15. Pest Clearance
  16. Seller paid Broker Commissions for VA
  17. Seller Paid Inspection fees for VA
  18. Days until Close
  19. Settlement Date
  20. Government Requirements
  21. Right To Terminate/Termination Notice

4 Possible Attached Addenda including Other Attorney or Party Drafted Addenda:

  1. Seller Financing Addendum
  2. Additional Provisions Addendum
  3. Additional Signatures Addendum
  4. Lead Based Paint or Lead Based Paint Hazard Addendum

Contact me, I’m happy to discuss my fee to represent you as a Listing Agent.