Raymond Kerege - How To Sell Your Home Without An Agent

Using a title company. Title companies can provide title insurance, and often have access to your escrow and closing needs. You need to have a clear understanding of what your state specifically requires of you before hiring any providers to aid in the closing of your property. Your work isn’t finished yet. In fact, you’re just getting started. Keep these three things in the forefront of your mind, and your closing should go smoothly. 1. Your buyer must get their loan approval. 2. You must meet all the expectations of the buyer’s lender. This could include an appraisal, title insurance, surveys, and title inspection. Remember, this changes from location to location, and by lender. 3. The inspections come next. Hopefully, you’ve already done a pre- inspection and the ones required by the bank will run smoothly. AFTER THE OFFER IS ACCEPTED There are several hurdles to cross before the closing. You need to keep up with all the details that are swirling around you at this point and keep everything on schedule. l. The Loan Application : If this is a cash sale, then skip to #3; otherwise, the buyer, if they have not done this by now, will initiate the loan application usually within three to five days after the contract is fully negotiated and signed. 2. Credit Report : Although a simple “online” credit report may have been performed already on the buyer, the lender will order a special “home mortgage credit report,” which derives data from several sources. If there are any problems, your agent will be notified. Some credit problems can be worked with, while others can’t. It usually takes anywhere from five to 10 days to obtain a home mortgage credit report. 3. Inspections : If the buyer used an “inspection contingency clause,” which usually provides for either a 10- or 15-day inspection period, an appointment

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