WE ARE PENDING!
Congrats on Finding a Buyer!
Congratulations on getting your home under contract! This is the second step in our home sale process, after getting qualified buyers into the home. Our next step is managing the details of the sale and the contracts/practices that will take place on the road to closing.
The buyer will set up a series of inspections on your home. Almost certainly, they will have a full/general home inspection done. It’s rare that we see a buyer pass on this step. Other inspections we might see are:
Whenever possible, we ask the buyers and their agents to “stack” these inspections on one or two days, rather than have many days’ worth. Ultimately, though, there are limits to our control over this and some inspections will only occur after others yield a reason for them (i.e. general inspector recommends buyer have roof inspected, etc).
We will track the following over the next couple of weeks:
As with the Marketing Phase, I’ll be contacting you every FRIDAY to update you on the status of the transaction during the closing phase. Of course, we will likely talk more often than that and you can call me with any questions any time.
My goal between now and the close of escrow is to negotiate the best terms for you in the inspections/repair requests and create as smooth a process as possible. I look forward to moving toward the finish line with you – let me know if there’s anything else you need.
Thank you again for your trust in handling this for you – please reach out and let me know if you have any questions! I look forward to talking with you again soon!
The buyer will set up a series of inspections on your home. Almost certainly, they will have a full/general home inspection done. It’s rare that we see a buyer pass on this step. Other inspections we might see are:
- Sewer (very likely)
- Radon (likely)
- Oil tank search (possibly)
- Contractor-specific inspections, such as chimney, roof, foundation, electrical, plumbing, etc.
Whenever possible, we ask the buyers and their agents to “stack” these inspections on one or two days, rather than have many days’ worth. Ultimately, though, there are limits to our control over this and some inspections will only occur after others yield a reason for them (i.e. general inspector recommends buyer have roof inspected, etc).
We will track the following over the next couple of weeks:
- Opening of escrow
- Deposit of buyer’s earnest money
- Preliminary Title Report
- Inspections, results, and possible follow-up inspections and/or bids
- Check-ins with the buyer’s Loan Officer to ensure the front-end work by the buyer is being handled in a timely manner
As with the Marketing Phase, I’ll be contacting you every FRIDAY to update you on the status of the transaction during the closing phase. Of course, we will likely talk more often than that and you can call me with any questions any time.
My goal between now and the close of escrow is to negotiate the best terms for you in the inspections/repair requests and create as smooth a process as possible. I look forward to moving toward the finish line with you – let me know if there’s anything else you need.
Thank you again for your trust in handling this for you – please reach out and let me know if you have any questions! I look forward to talking with you again soon!