What We Do During The Offer And Contract
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Receive And Review All Offer To Purchase Contracts Submitted By Buyers Or Buyers' Agents.
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Evaluate Offer(s) And Prepare A "Net Sheet" On Each For The Owner For Comparison Purposes
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Counsel Seller On Offers. Explain Merits And Weakness Of Each Component Of Each Offer
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Contact Buyers' Agents To Review Buyer's Qualifications And Discuss Offer
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Deliver Seller's Disclosure To Buyer's Agent Or Buyer Upon Request And Prior To Offer If Possible
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Confirm Buyer Is Pre-Qualified By Calling Loan Officer
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Obtain Pre-Qualification Letter On Buyer From Loan Officer
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Negotiate All Offers On Seller's Behalf, Setting Time Limit For Loan Approval And Closing Date
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Prepare And Convey Any Counteroffers, Acceptance, Or Amendments To Buyer's Agent
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Send Copies Of Contract And All Addendums To Closing Attorney Or Title Company
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When Offer To Purchase Contract Is Accepted And Signed By Seller, Deliver To Buyer's Agent
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Record And Promptly Deposit Buyer's Earnest Money In Escrow Account
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Disseminate "Under-Contract Showing Restrictions" As Seller Requests
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Deliver Copies Of Fully Signed Offer To Purchase Contract To Seller
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Deliver Copies Of Offer To Purchase Contract To Selling Agent
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Send Copies Of Offer To Purchase Contract To Lender
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Provide Copies Of Signed Offer To Purchase Contract For Office File
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Advise Seller In Handling Additional Offers To Purchase Submitted Between Contract And Closing
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Update Transaction Management System To Show "Sale Pending"
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Review Buyer's Credit Report Results and Advise Seller Of Worst And Best Case Scenarios
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Provide Credit Report Information To Seller If Property Will Be Seller-Financed
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Assist Buyer With Obtaining Financing If Applicable And Follow-Up As Necessary
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Coordinate With Lender On Discount Points Being Locked In With Dates
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Deliver Unrecorded Property Information To Buyer
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Order Septic System Inspection, If Applicable
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Receive And Review Septic System Report And Assess Any Possible Impact On Sale
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Deliver Copy Of Septic System Inspection Report Lender & Buyer
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Deliver Well Flow Test Report Copies To Lender & Buyer And Property Listing File
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Verify Termite Inspection Ordered
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Verify Mold Inspection Ordered, If Required