|
Event |
Responsible Parties |
Status |
|
· Review and sign Working with Real Estate Agents brochure
(required by NC Real Estate Commission) |
Buyer or Seller
and Realtor |
|
|
· Meet with Loan Officer about financing options and loan pre-approval |
Buyer, Loan Officer |
|
|
· Complete Buyer Agency Agreement and Dual Agency Addendum |
Buyer, Buyer’s Realtor |
|
|
· Layout with Realtor your wants and needs in a home |
Buyer, Buyer’s Realtor |
|
|
· Research homes on market that meet Buyer’s criteria |
Buyer’s Realtor |
|
|
· Go see homes until you locate the one |
Buyer, Buyer’s Realtor |
|
|
· Make an Offer to Purchase the Seller’s property. |
Buyer, Buyer’s Realtor |
|
|
· Earnest Money is presented with the Offer to Purchase. ** Earnest Money, a good faith deposit, is payable by personal check, bank check, money order, or cash. This money will be held in a Trust Account and at closing will be applied toward the purchase price of the property. |
Buyer |
|
|
· Negotiation of Offer between Buyer and Seller |
Both Realtors with
Buyer and Seller |
|
|
· ALL Parties sign Acceptance of Contract. Once all the terms in the Offer are agreed up and signed by all Parties, the Offer becomes a Contract. |
Buyer, Seller,
Both Realtors |
|
|
· Make appointments for inspections |
Buyer’s Realtor |
|
|
· Home Inspection is done. |
Buyer’s Realtor orders |
|
|
· Pest inspection is done. |
Buyer’s Realtor orders |
|
|
· Any other needed inspections (i.e. radon, roof) are done. |
Buyer’s Realtor & Buyer decide; Realtor orders |
|
|
· Submit repair requests to Seller for agreement. |
Buyer decides,
Buyer’s Realtor orders |
|
|
· Obtain loan approval and loan commitment letter |
Buyer |
|
|
· Get homeowners Insurance |
Buyer |
|
|
· Utilities scheduled for turn on and put in Buyer’s name |
Buyer |
|
|
· Utilities close out date scheduled |
Seller |
|
|
· Order Survey (needed for closing) |
Buyer OKs
Buyer’s Realtor orders |
|
|
· Scheduling Closing Attorney appointment |
Buyer’s Realtor |
|
|
· Get closing amount and notify Buyer |
Buyer’s Realtor |
|
|
· Obtain bank check or money order for closing |
Buyer |
|
|
· Schedule and conduct final walk-through |
Buyer & Buyer’s Realtor |
|
|
· Meet for Closing |
Both Realtors, Buyer,
Seller, Attorney |
|
|
· Take possession of home |
Buyer |
|
