Have Both Parties Execute Contract

C O N T R A C T T O C L O S E C H E C K L I S T : S E L L E R ‘ S S I D E

OPTION PERIOD

□ Have both parties execute contract

□ Date contract and provide copies to Title

Company

□ Change status in MLS to PENDING or

PENDING TAKING BACK-UPS

□ Send Seller’s social security number,

mortgage company phone number, loan

numbers, and marital status to Title

Company.

□ Inspection: Notify Seller of date and time

□ Amendment

□ Repairs

□ Submit Commission Form and copy of

contract to Horizon Realty

FINANCING

□ Obtain lender information from Buyer or from approval letter

□ Contact lender to confirm letter is accurate

□ Offer to email contract

□ Check in with lender weekly

□ Check on buyer’s financing approval on date

set in Third Party Financing Addendum

□ Approval letter should state full approval or

approval contingent upon lender’s review of

title policy, survey and appraisal

□ When will docs be delivered to the title

company?

□ Is either party a mail out?

□ Will a Power of Attorney be used?

DEADLINES

□ Additional Earnest Money

□ Seller’s Disclosure Notice

□ Survey – If existing survey is requested by Buyer, have Seller sign T-47 Affidavit and deliver to Buyer’s Agent

□ HOA ByLaws

□ Energy Efficient Audit

□ Environmental Assessment

□ Septic Approval

□ Seller Financing

□ Contingencies

□ Sale of other Property by Buyer

□ Leaseback – Seller’s/Buyer’s Temporary

Residential Lease

□ Insurance

□ Title Commitment

□ Title Company has 20 days to deliver and may

extend 15 more days - all requirements on

Schedule C must be fulfilled

□ Trust docs

□ Liens

□ Right of First Refusal

□ Judgments

□ Surveyor needs Schedule B

□ First Right of Refusal needs Schedule A

□ Objections to Title and/or Survey must be in

writing and submitted according to 6A of

contract

□ Make certain repairs are completed by

licensed professional (Paragraph 7F of

Earnest Money contract) and provide copies

of repair slips and invoices to the Title

Company

GET READY FOR CLOSING

□ Confirm Title Company has Disbursement

Authorization

□ Make sure both parties connect or disconnect

service

□ Invoices, repairs and reimbursements

□ Follow up on status of lender docs

□ Follow up on septic approval

□ Set closing date and time and notify all parties

□ Review HUD statement

□ Purchase closing gift

AFTER CLOSING

□ Change status in MLS to SOLD

□ Take down sign, lockbox and

brochure box

□ Deactivate virtual tour, property website, text ad, etc.