Engel Volkers - Bozeman - Seller - Flipbook - Page 47
E n g E l & Vö l k E r s | s E l l E r ' s g U I D E
The selling process
step by step guide on how to sell your home.
Contact Your Advisor
Review your timeframe and
financial expectations for the
sale. Review comparable sales
and determine list price
Accommodate Inspections
Marketing
Buyer Submits
Loan Package
the buyer will determine which
inspections they wish to have
completed. an appraisal may also be
necessary
mLs, media advertising
to lender with all necessary documents
in order to secure a loan
Inspections & Disclosures
Review & Negotiate Offer
Underwriting & Appraisal
must be approved by all parties
along with the title commitment
as permitted by the contract
your Advisor will present all
offers to you and negotiate terms
with buyer’s advisor
the lender will review buyer’s files
in underwriting if a loan is needed.
appraisal establishes value of property
Escrow Opened
Buyer deposits earnest money
into escrow account
Negotiate Repairs
if critical issues are discovered
in disclosures, inspections, etc.,
as permitted by contract
Title Commitment
issued in response to
application for title insurance
Remove Contingencies
issued in response to
application for title insurance
Sign Documents
at title company, determine where
your proceeds will be sent
(escrow on another property, bank
account, or exchange account)
Down Payment
& Loan Funding
Lender sends funds
to title company
Record/Transfer
Deeds are recorded at county
Recorder’s office
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