See the Plan of Action for the detailed steps on what happens after your decide to hire Jana to list and sell your home.
The listing process begins and the home is made available to buyers with their agents to look at the home.
Real estate agents will use an electronic key to access your home to show their clients and feedback from showing agents will help us analysis the pricing and condition of your home.
Once a buyer falls in love with your home an offer is made and upon acceptance the home is now marked Pending or Pending Inspection. It is very unlikely you will receive any requests for showings while your home is listed as a pending sale or pending inspection.
The buyer’s lender is made aware of the agreement and begins the process of getting the loan ready for the underwriter to officially approve and fund the buyer’s mortgage on your home.
Once the offer is accepted and signed off by all parties, the inspection process typically begins and the buyer is required to pay for any and all inspections they request. Click here for tips on having the home pre-inspected (If there is on-site sewer “Septic”, the seller is usually required to pay for inspections to on-site sewer systems. In the case of public sewer scopes, those are usually paid for by the buyer. Learn more about sewer scopes here.)
The inspection is conducted with the buyer, inspector, and the buyer’s real estate broker present. For numerous reasons, it’s best if the seller not be present during the home inspection. I’d be happy to explain the pros and cons of being present at the inspection if you’d like to know more.
With a 30 day or longer closing period, and once the inspection is resolved the lender will order the appraisal. The buyer may be asked to pay for this service at this time or it may be billed as part of the closing process. The home should look as nice as possible for the appraisal appointment.
With a completed appraisal supporting the purchase price of the home and all other paperwork submitted to the mortgage broker, the file is now ready for underwriting. The underwriter will review the paperwork and upon approval will instruct loan paperwork to be sent to the escrow or closing agent. Click here to learn what happens right before closing.
Once the loan paperwork is signed by the buyer in the presence of an escrow or closing agent, the paperwork is returned to the underwriter for another review. It may take up to two business days after the buyer signs for the lender to release the funds to close the transaction. A final credit report may be pulled or a job might be verified even after the buyer signs all the paperwork.
Once the underwriter release funds the escrow or closing agent can now prepare the file for recording by the County courthouse.
The title company will be notified to pick up the closing paperwork for delivery to the courthouse. The country recorder’s office will stamp the file with recording numbers and this is the official closing. If you know your parcel number and your selling a home in King County, you can search yourself to see when exactly it becomes official by clicking this link and following the prompts. You’re looking for the deed for your particular sale. If your purchase in is any other County, check that county website for a records search page or call me at 425-891-0088 and I can find the link for you.
The key exchanged is coordinated by the real estate agents and proceeds from the sale are made available to the seller.
Click here to learn how the CFPB helps you pick the very best loan option.