Buyer/Seller Contract Coordination
- Review contract and addendums for accuracy and completion
- Confirm option and earnest funds are receipted accordingly within deadlines
- Provide copy of contract and addendums to your Broker/office, clients, lender, title company, and co-op agents
- Communicate with all parties as your coordinator via email
- Follow-up on a weekly basis with all parties involved via phone calls and/or emails
- Schedule appointments for inspections and appraisals to gain access to the property
- Track all contract deadlines and ensure they are met: option period, financing period, and closing
- Follow up on required disclosures, HOA records, property survey, and t47 affidavit
- Maintain a communication and correspondence log in RAS CRM
- Contact lender regularly for updates on buyers financing and confirm appraisal value
- Verify clear title commitment with Title Company
- Follow up on completion of repairs and inspections
- Available by phone and email to all parties during business hours Monday through Friday from 9am to 5pm
- Assist in obtaining insurance information, power of attorney, wiring information, etc…in preparation for a timely closing with Title Company
- Pre-closing reminders to the buyer/seller including utility transfer, final walk thru, notification to bring certified funds to closing, reminder to bring keys and remotes, repair receipts, and schedule closing
- Confirm file is compliant with Broker’s records, and make any corrections as needed
- Request and process CDA and forward for payment
- Verify funding with escrow officer and inform all parties
- Process funding checks with your office and close out file
- Send out client reviews
