What Does a REALTOR do in a Sale? (Part 5 of 6) |
Here is the next post in this 6-part series. If you missed any of the earlier posts, you can read them here (Part 1, Part 2, Part 3, and Part 4).
- Contact lender to ensure all necessary information has been provided
- Follow loan process through to the underwriter and contact lender (or buyer’s agent) weekly to ensure processing is on track
- Keep seller informed of status of loan
- Relay final approval (i.e., loan commitment) of buyer's loan to seller
- Coordinate buyer's home inspection with seller's schedule
- Attend home inspection as seller’s representative
- Review home inspector's report (if shared by buyer - required in some states but not all); provide feedback to seller
- Find out from Buyer's Agent if buyer is going ahead with the deal, and what, if any, repairs or adjustments are being requested in writing
- Discuss requested repairs and/or adjustments with seller and communicate response(s) to buyer’s agent
- Ensure seller's compliance with Home Inspection Clause requirements
- Recommend or assist seller with identifying and negotiating with trustworthy contractors to perform any required repairs
- Negotiate payment and oversee completion of all required repairs on seller's behalf, if needed
- Provide necessary documentation to buyer to show completion of repair work
Stop back later this week for the final post in the series.
