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UNDER CONTRACT
What to Expect on the Road to SOLD!
Purchase OFFERS and Strategic NEGOTIATION We will let you know as soon as we receive an offer and schedule a time to thoroughly review it together. Additionally, we will re-connect with all the agents who have shown your home previously to give all buyers one more opportunity to make an offer. This could result in competing offers and even in a sales price above asking! You may decide to accept an offer as-is, or present a counterproposal with terms that are more amenable to you.
The Colorado Residential Real Estate Contract to Buy and Sell is 19-pages long. It can be complex and contain special clauses. Price is important, but not the only consideration. We’ll help you evaluate and understand the merits of an offer and work hard to get you the best price and terms possible. Understanding contingencies and potential contract pitfalls will help you get to the closing table successfully.
It’s all in the details from contract acceptance to closing. Once you accept an offer and are under contract, we work closely with all parties to facilitate a smooth transaction and closing. After the offer/counteroffer is executed by all parties, you are under contract.
It’s Our Job to:
Verify buyer’s loan qualifications, maintain communication with the lender and track the loan process and final approval
Order and review the title commitment
Order and deliver any required HOA governing documents, financials and meeting minutes
Facilitate the negotiation of mutually agreeable inspection resolution and help coordinate repairs
Coordinate appraisal process and support value as needed
Coordinate settlement needs with the title company (loan payoffs, HOA status, etc.)
Review final/closing settlement statement for accuracy and compliance with the contract
Explain all documents you need to sign and provide copies
Attend and facilitate closing
Answer any and all questions you may have during this process
Provide moral support as needed!
Navigating INSPECTIONS, APPRAISALS
and CONTRACT DETAILS
In many cases, the most critical elements of a home sale occur after you’ve reached an agreement with your buyers. The components of the sale will include various home inspections, subsequent inspections and resolution deadlines, mortgage appraisals, title searches and commitments, surveys, HOA document requirements and other specified due diligence delivery.
LOAN Process
The buyer is obligated to work diligently with their lender to provide the required documentation to obtain final loan approval on or before the Loan Objection Deadline defined in the purchase contract. Final loan approval is communicated by the lender committing to fund the loan for the buyer’s purchase of your house. If the buyer is unable to obtain loan approval or objects to any of the terms of the loan for any reason, the contract may terminate and earnest money is returned to the buyer.
CTM – REAL ESTATE CONTRACT SOFTWARE
Paperless and digital contract software is the wave of the future and utilized by most agents and their clients. You will learn how to review and “e-sign” documents in a simple email, one-click process.
Contract Signed by All Parties – UNDER CONTRACT
Title, HOA
& Due Diligence Delivery
Inspection Objection and Resolution
Earnest Money
Title, HOA & Due
Inspection Repairs
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& Objections
Due Diligence Review If Necessary