What We Do Once Property Is Under A Listing Agreement In a Real Estate Transaction

 

  • Review Current Title Information

  • Measure Overall And Heated Square Footage

  • Measure Interior Room Sizes

  • Confirm Lot Size Via Owner's Copy Of Certified Survey, If Available

  • Note Any And All Unrecorded Property Lines, Agreements, Easements

  • Obtain House Plans, If Applicable And Available

  • Review House Plans And Make Copy

  • Order Plat Map For Retention In Property's Listing File

  • Prepare Showing Instructions For Buyers' Agents And Agree On Showing Time Window

  • Obtain Current Mortgage Loan(s) Information: Companies And & Loan Account Numbers

  • Verify Current Loan Information With Lender(s)

  • Check Assumability Of Loan(s) And Any Special Requirements

  • Discuss Possible Buyer Financing Alternatives And Options With You

  • Review Current Appraisal If Available

  • Identify Home Owner Association Manager If Applicable

  • Verify Home Owner Association Fees With Manager - Mandatory Or Optional And Current Annual

  • Order Copy Of Homeowner Association Bylaws, If Applicable

  • Research Electricity Availability And Supplier's Name And Phone Number

  • Calculate Average Utility Usage From Last 12 Months Of Bills

  • Research And Verify City Sewer/Septic Tank System

  • Water System: Calculate Average Water Fees Or Rates From Last 12 Months Of Bills)

  • Well Water: Confirm Well Status, Depth And Output From Well Report

  • Natural Gas: Research/Verify Availability And Supplier's Name And Phone Number

  • Verify Security System, Current Term Of Service And Whether Owned Or Leased

  • Verify If Seller Has Transferable Termite Bond

  • Ascertain Need For Lead-Based Paint Disclosure

  • Prepare Detailed List Of Property Amenities And Assess Market Impact

  • Prepare Detailed List Of Property's "Inclusions & Conveyances With Sale"

  • Compile List Of Completed Repairs And Maintenance Items

  • Send "Vacancy Checklist" To Seller If Property Is Vacant

  • Explain Benefits Of Home Owner Warranty To Seller

  • Assist Sellers With Completion And Submission Of Home Owner Warranty Application

  • When Received, Place Home Owner Warranty In Property File For Conveyance At Time Of Sale

  • Have Extra Key Made For Lockbox

  • Verify If Property Has Rental Units Involved. And If So:

    • Make Copies Of All Leases For Retention In Listing File

    • Verify All Rents & Deposits

    • Showings Will Be Handled

  • Arrange For Installation Of Yard Sign

  • Assist Seller With Completion Of Seller's Disclosure Form

  • Have "New Listing Checklist" Completed

  • Review Results Of Curb Appeal Assessment With Seller And Provide Suggestions To Improve Presentation

  • Review Results Of Interior Décor Assessment And Suggest Changes To Shorten Time On Market

  • Load Listing Into Transaction Management Software Program

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