| SELLER |
|
BUYER |
- Seller signs exclusive right to sell listing agreement with Seller’s agent
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-30 days |
- Buyer meets with Buyer's Agent and signs buyer representation agreement
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- Research on market value of homes in neighborhood and decide on listing price
|
-25 days |
- Buyer to find a loan officer to become pre-qualified or pre-approved
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- Seller's agent markets property through internet, newspaper and MLS system
|
-20 days |
- Buyer provides Buyer's Agent with a checklist of property criteria (e.g. location, bedrooms, baths, parking stalls, amenities, locations of schools etc)
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- Seller's agent coordinates property showings
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-19 days |
- Buyer's Agent searches the MLS for listings to match Buyer's needs
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- Shows property to potential buyers
|
-10 days |
|
- Seller's agent received offer and shows Seller
|
-2 days |
- Buyer’s Agent and Buyer go to showings, write up contract
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|
|
-1 days |
- Buyer's Agent makes offer to Seller Agent
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- Seller's agent orders condominium documents, leasehold documents and association documents (if applicable)
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DAY 0 |
|
|
Day 1 |
- Buyer's agent opens escrow and initial deposit is given to Escrow company
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Day 2 |
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Day 5 |
- Buyer to hire professional home inspector to do home inspection
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- Seller completes seller's disclosure statement and Seller's agent delivers statement to Buyer's Agent
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Day 10 |
- Buyer receives seller's disclosure and either approves or disapproves
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Day 14 |
- Buyer and home inspector do property inspection
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- Seller's agent delivers condominium documents (if applicable)
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Day 21 |
- Buyer approves or disapproves of condominium documents (if applicable)
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- Escrow provides preliminary title report
- Seller provides clear title
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Day 23 |
- Escrow provides preliminary title report
- Buyer makes additional deposit (if applicable)
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- Seller's Agent orders termite inspection
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Day 30 |
- Buyer chooses termite inspection company
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- Seller does interior/exterior cleaning of property
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Day 31 |
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Day 38 |
- Buyer receives final loan approval from Lender
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|
Day 40 |
- Schedule final walk through of property
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- Schedule signing with Escrow
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Day 41 |
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- Escrow records
- Proceeds disbursed to Seller
- Seller's Agent delivers keys to Buyer's Agent
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Day 45 |
- Escrow records
- Keys delivered to Buyer
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