Real Estate Transaction Coordination Services

Service Summary: To provide a full on file management system that will ensure a timely closing, while at the same time guarantee that your transactions are in compliance with governmental agency regulations and disclosure laws.

OUTLINE OF THE PROCESS WHICH WILL PERFORMED ON YOUR BEHALF:

• Obtain and review the offer to purchase agreement as pre-negotiated between the buyer and seller. Ensure that both buyer and seller have signed and initialed the Contract, Amendments and Counter Offers.

• Prepare a list of contingencies for the completion of the escrow and apply/prepare a timeline report to follow.

• Prepare a Contact Management Sheet of the parties involved in the transaction and distribute.

• Notify all parties to the transaction and introduce our role and involvement.

• Prepare the Seller Disclosure Package for Seller to complete. Review for completeness upon the return by Seller.

• Open escrow and obtain the file number. Instruct buyer/agent where to deposit the earnest deposit. Review the draft escrow instructions before sent to seller for completions.

• Send to the buyer or buyer’s agent all the Seller Disclosures for signature and return. Once returned, review the documents for completeness and all required signatures.

• Order the Natural Hazard Report and Home Warranty Policy. Distribute copies to escrow, cooperating agent, and seller.

• Consult with seller in scheduling a Termite Inspection (if required). Instruct company where to send the report.

• Request the buyer’s agent to order a home inspection and let the listing know when that date is. Should the buyer elect not to have one, prepare the “waiver of inspection” form for buyer signature. Prepare the documents per the seller’s instructions to submit to the buyer/agent.

• Follow up with escrow to ensure that the buyer has deposited the earnest deposit check and has returned their escrow documents.

• Regular follow up with the buyer’s agent and buyer’s lender to find out the status of the loan progress. Ensure that the appraisal has been ordered to meet time lines and an underwriter’s approval has been issued.

• Follow up weekly on missing paperwork from all sides of the transaction (buyer/seller/agents)

• Verify 1 week prior to closing that all documents, repairs and loan documents are ready for finalization. Prepare any documentation to extend the times or demand performance.

• Two days prior to closing, ensure that the loan documents have been signed by the buyer, and ready for lender funding.

• Review the estimated closing statement for audit of closing costs and credits.

• Final review of the file for document compliance.

Even though I am licensed by the California Department of Real Estate as a sales agent, I will not be able to advise your buyer or seller. This is due to the fact that it would be considered a conflict of interest, as I would not have my name as a representing party on the contract.

Contact: Sarah Vella

Phone: 323-937-4543 (Located in San Diego)

Email: retransaction@gmail.com

www.cmsps.com