The Closing Process Requires Attention To Detail
Once a sales contract has been agreed upon, there are many details that must be accounted for. Of course, the most important detail is to protect against the loss of deposit monies. The way to properly protect the money is to adhere to all critical dates and deadlines. Whenever a deadline cannot be met, it’s critical to secure the properly written extensions or withdrawal forms. There are many parties connected to a closing including, but not limited to, attorneys or title companies, insurance agents, mortgage lenders and inspectors for smoke detector and septic system compliance where applicable. Proper communication with all parties is critical. However, most importantly, you should…
Stay Focused On What You Must Do
The most important lesson is to assume 100% responsibility for the outcome of your closing even when you’re being assisted by a team of competent professionals. Primarily, you must understand your personal closing responsibilities. For example, you should be arranging for a moving company immediately so that you can meet the conditions of the closing date, which typically include delivering your property in professionally cleaned condition. Don’t assume anybody but you has your best interests in mind and ask questions any time you’re not completely sure what you must do to close with care. Always…
Consider Dates Seriously
You must understand that selling a property is a large financial transaction that typically follows a written contract, which contains legal obligations that must be met or the parties might become subject to penalties under contract law. Given that, we always recommend the use of an attorney to ensure that you are always in compliance and protected. In addition to that, the best way to protect yourself is to adhere to the dates and deadlines that you as the seller are obligated to meet. However…
Be Flexible And Anticipate Challenges
A real estate transaction is one of the single largest financial and emotional transactions that mot people make in a lifetime. The transaction includes the orchestration of many parties and therefore requires a greater level of flexibility. While it’s important to stick to dates and deadlines to avoid financial loss, you should also expect and prepare for timeline adjustments to ensure a less stressful experience.
Well congratulations! If you’ve completed all of the modules then you’re well on your way to successfully selling your property for top dollar!
Of course, you should recognize that selling a property is a complicated transaction, so we certainly understand that for most sellers, this course is simply an orientation rather than the full education that we offer as professional real estate agents.
We also realize that preparing for the entire sale process of your property can be overwhelming, so please feel free to contact us to arrange for an in home consultation on how to be more thoroughly prepared for the sale of your property.
We wish you a successful sale and thank you for taking your valuable time to complete our course!