The next steps: 

Step 13 - Repair Negotiations: 

Once we receive the report we will walk you through the buyer request for repairs, as well as request quotes for the requested repairs, to see which items we should agree to complete. 

Step 14 - Repair Agreement & Appraisal Ordered: 

Congratulations, we have completed what some consider the most difficult part of selling a home, repair negotiations! The Appraisal has also been ordered now that we are in agreement. 

Once we have confirmation it has been scheduled, we will let you know the day and time. Please note the Appraisal typically takes 20 to 45 minutes to complete, we ask that no one is present in the home during the Appraisal and that all animals are in kennels or are removed from the home. 

The next steps: 

Step 15 -  Buyers Shop for Homeowners Insurance Quotes: 

Nothing for you to do here, but we may reach out to ask a few extra questions if the Buyer’s Insurance company needs more information.

Step 16 - Buyers Final Credit Report Ordered: 

Many lenders require a secondary credit check just prior to closing to verify the buyer's credit score remains the same.

Step 17 - Repairs are being Completed:  

Please ensure that any repairs we are not scheduling for you, all invoices and photos be forwarded to us, and make sure the contractors are completing the repairs as agreed. We will need proof of completed repairs and the buyer has the right to have a reinspection. 

Please keep in mind this may be a little bit of a quiet period as we complete the repairs and are waiting on the appraisal to be completed, but know that we are working diligently in the background.

Step 18 - Appraisal Received: 

We have received a copy of the Appraisal, you will receive a copy of the report shortly.

Step 21 - Closing Disclosure Issued: 

The closing disclosure (CD) has been issued, and the loan has been approved.

The next steps:

Step 22 - We can now Schedule Closing: 

All loan documents will be sent to the title company. You should be receiving a call or email from the title company or your agent to schedule your closing time. 

Step 23 - Final Walkthrough: 

For the buyer to inspect the home before completing the purchase.

Step 24 -  Attend the Closing: 

Congratulations we have attended the closing and signed all the necessary documents.

Step 25 - Buyers Funds Deposited And Seller’s Proceeds Deposited: 

This is the final distribution of funds.