It’s both exciting and stressful negotiating a real estate purchase contract. Once it’s signed by the sellers, buyers can relax a bit, but Coastal Properties Group International can’t. There are still more negotiations, document deliveries, inspections, title details and mortgage tasks to be accomplished to reach a successful closing and walk away with the keys to your new real estate property.
There are more than 50 specific due dates and tasks on our average transaction checklist, but an overview of a few includes:
- Post contract delivery of documents to the title company and ordering of a title binder or commitment.
- Deposit of earnest money and delivery of receipt to the buyer client.
- Helping our buyers to order inspections and coordinating them and providing access to assure they’re completed on time.
- Coordinating timely delivery of any documents objecting to disclosures, inspection results, or title binder issues discovered.
- Coordinating appraisal and appraiser access.
- Working with mortgage company and coordinating delivery of documents they require.
- Assisting our buyers with any negotiations related to contingencies, inspections or documents.
- Constant monitoring of status of all processes at the title company.
There are a number of companies and people involved in a real estate transaction, including attornies, surveyors, appraiser, title company, mortgage broker, lender, loan underwriter, both agents, and possibly others. Each has specific duties and requirements, and each is concentrating on doing a good job for you. However, their focus is narrow, targeted on their specific niche in the deal. As your buyer agent, we’re your “go-to” resource to bring it all together. We’re here to coordinate the activities of all of these companies and people for you.
We’re constantly monitoring those 50+ document delivery items and the work done by these people. Daily we check the progress against contractual deadlines and act on our project requirements. A lot of this activity goes on behind the scenes and you’re not even bothered. Some of it requires that we contact you and request documents or actions. Please understand that our overriding goal is a smooth transaction, and getting you through meeting all deadlines is one of our jobs. We’ll only bother you when necessary, telling you what we need and when, and moving you through to a successful closing.
There is a lot more, but those are the highlights, and many sub–tasks are related to each of them. Coastal Properties Group International is obsessed with proper follow–up and detailed coordination of every step of the closing process for our buyer clients. It’s critical that we make all deadlines and keep the transaction on track to avoid defaulting on any terms of the contract. We’ll keep your real estate transaction on track, and you’ll have the time and advice you need to assure you’ve covered all of the bases prior to closing.
WHAT OUR CLIENTS HAVE TO SAY
“My wife and I had the absolute pleasure of working with Scott and Amy Ferguson just over two years ago when we were searching for our first home. We were always impressed by how thorough and sharp they were, and how professional and available they were. Scott had plenty of clients, but he always treated us like their number one priority. He always took time to answer our questions, meet with us to look at houses, and just generally make sure we understood the process. He also gave us great confidence in our purchase because of his honesty and integrity.
We were so thrilled with them that when it came time to move (we needed more rooms with the birth of our daughter), we didn’t hesitate to call Scott and Amy again. This time he helped us sell our home (which sold in a day, literally, thanks to his incredible reach and great advice about fixing a couple items). Again he helped us find a new, bigger, home to move into and walked us through the paperwork and showed up at the inspections and at closing, as he does every time.
Scott and Amy are unique in that they somehow manage to make every client a priority. They work around the clock and literally seven days a week to make sure you get exactly what you want and understand every step of the process. My wife and I have tagged along with friends looking for houses who had their own realtors, and we always say “they are no Scott & Amy!” Nobody quite measures up to their professional attitude, organization, and relentless work ethic. As long as Scott and Amy are in business, we will be using them! “
DAVID & MARLENE JEWETT