Buying and Selling

 

Buying Process Download PDF

 

Loan officer
processor (assistant)

Lender (bank)
underwriter (approves loan)

Appraiser
Survey

Escrow officer
Assistant

Insurance Agent
Home inspector (not part of DP+CC+PPD)
Title Co. (escrow agent)
holds earnest money
issues title policy (clean title)
puts together closing documents
facilitates closing










Listing agent seller
Lender













Checklist
  • Pre approval
  • Sign contract
    bring check book for 2 checks -earnest $
    option fee
  • Contract Accepted
    10 day option period
  • Find insurance and do inspection
  • checkto lender for appraisal
  • wait for approval
  • review settlement statement (HUD-1)
    bring termite inspection, cashiers check, TDL and SS card to closing



Selling Process Download PDF

Put together following

  • Termite and pest info
  • Sellers disclosure
  • List of features
  • Old inspections
  • Reciepts/ warranty on major items
  • Utility bills for one year
  • Insurance claim documents
   

Checklist
  • Pre approval
  • Sign contract
    bring check book for 2 checks -earnest $
    option fee
  • Contract Accepted
    10 day option period
  • Find insurance and do inspection
  • check to lender for appraisal
  • wait for approval
  • review settlement statement (HUD-1)
    bring termite inspection, cashiers check, TDL and SS card to closing