REALTOR® Magazine Online: Buyer and Salesperson Progress Checklist

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Keep the Transaction on Track
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Getting to Close
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Mortgage Basics
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Inspections and Repairs
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Closing Countdown
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Going for the Close
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Commission Disbursements
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Post-Closing Strategies

Quiz: Contract to Close

Bright Ideas: Contract to Close

Code of Ethics: Contract to Close

More Resources: Contract to Close

KEEPING THE TRANSACTION ON TRACK

Buyers' Progress Checklist

Give the buyers a checklist for their responsibilities during the transaction.



Task	Initiation Date	Target Completion Date	Actual Completion
Escrow instructions prepared
Deposit to escrow
Loan application
Appraisal
Survey
Credit report Inspections (radon, lead, home condition, earthquake, termite)
Employment verification
Financial verification
Homeowners’ insurance ( plus flood insurance, if applicable)
Loan commitment
Arrange for utility accounts
Final walkthrough

Salesperson's Progress Checklist
Use this checklist to track your responsibilities during the transaction.



Task	Initiation Date	Target Completion Date	Actual Completion
Notify MLS of sale
Cancel advertising
Prepare list of comparables for appraiser
Post sold sign
Remove lockbox
Purchase closing gift

Portions adapted from The Seller Solution, Walter Sanford, Sanford Systems and Strategies, Kankakee, Ill.

TIP: Ask the sellers permission to keep the keys so you can let the appraiser and home inspector view the property.

Time Estimates for Delays >

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