Contract to Close Services
Buyers, Sellers, New Construction - $450DURING THE OPTION PERIOD:
- Review executed contract, addendum, & seller's disclosure for accuracy & completion by all parties (Note contingencies, exclusions, effective dates and deadlines, option period, and earnest receipt)
- Set up and submit compliance file to Compliance Management System
- If Seller - update MLS to "PB" or "AC"
- Send introduction email to client, agents, title, and other applicable parties
- Add important contract deadlines to agent calendar (Google Only)
- Confirm inspection has been scheduled. Contact all parties with date & time.
- Verify pre-qualifying letter has been received and send the lender a copy of the executed contract.
- Draft & Facilitate Amendments (Agent to Negotiate and Provide All Terms)
- Send reminder to agent and clients 48 hours before option period ends
- Facilitate Termination and Release of Earnest Money Paperwork
- Complete DA Commission layout process
AFTER OPTION PERIOD:
- Draft & facilitate amendments to extend closing date, or "other modifications" and send completed documents to appropriate parties
- Verify that appraisal has been ordered
- If Seller - Update MLS to "P" after option period is up
- Review and verify that Title Commitment has been delivered to all parties
- Confirm DA has been sent to title company
- Weekly communication with Lender and updates sent
- If a new survey is required, inform paying party and notify title to order
- Verify that HOA paperwork has been sent if applicable
- Inform agents and clients on final loan approval
- Provide Home Warranty options to buyer and confirm order
TWO WEEKS TO CLOSE:
- Send utility contact information to buyer (obtained from listing agent for accuracy)
- Confirm title has received the loan payoff
- Continue to check with lender and update on loan process
- Verify that survey and appraisal has been received and accepted
- Schedule closing and notify all parties of date, time, place, and what to bring (updated on agent's calendar)
- Insure copies of repair receipts are sent to appropriate parties
- Request CD from Title Company (agent to review for accuracy)
- Reminder to agent to schedule final walkthrough
- Confirm funding with title company
POST CLOSING:
- If Seller - Update MLS to "S"
- Complete process to close out file on Compliance Management System
- Invoice Agent for services electronically
- Pay electronically or by check
EARLY TERMINATION FEE
- A $100 termination fee billed to the agent will apply if the transaction is terminated after the option period.
Listing Launch Services
Sale or Lease - $100 - $250COORDINATION INCLUDES:
- 48 business hours notice from agent including the checklist items for listing launch package
- Review Listing Agreement & Seller's Disclosure for completion and accuracy
- Draft Listing Agreement, Addendums, & Applicable Disclosures and facilitate for signatures
- Create office file, submit to Broker, and attach documents to Compliance Management System
- Schedule and arrange access for (as needed by agent):
- Energy Auditor
- Photographer
- Load to MLS (Upload pictures , Virtual Tour Link, and Disclosures)
- Post Open House dates & times on MLS and syndicate sites
- Update price changes and any additional updates/changes as needed
- Email completed MLS listing to seller for review and approval
IMPLEMENTING MARKETING INITIATIVES:
A La Carte Services
- Compliance Documents/DA Only - Resale/New Build/Lease (No Client Interaction) - $125
- MLS Input Only - Resale/Lease - $100
- Miscellaneous Document Submittals - $75 - $150
- Process of Back up Contracts - $75
- Posting to additional listing services $100