Congratulations on your decision to sell your property! Although accepting an offer is a major step and the “beginning of the end,” there are several milestones and deadlines that must occur before you can finally convey the property to a Buyer and (hopefully) receive any sales proceeds that may be coming your way. Please look through the enclosed packet to educate
yourself generally about a residential real estate transaction from the Seller’s perspective.
Before you begin, you should be aware of a few quickly approaching deadlines that are in a typical Seller transaction, all counted from the “Acceptance Date” or “Effective Date” of a contract—that is, the date that you (as the Seller) officially sign and date an identical copy of the formal written offer from the Buyer. In order to maximize your likelihood of success, please keep these very early deadlines in mind and find your professional support team as early as possible:
- 5 Business Days: Attorney Review/Modification Deadline. Find a real estate attorney BEFORE accepting an offer, and
include the attorney’s information on the signature page of the contract.
- 5 Business Days: Inspection Deadline. Be ready to make your property available, as the Buyer has a right to send in a
- 5 Business Days: (If Applicable) Order HOA Documents. If you live in an HOA or other development, most contracts
require that you (or your attorney) order certain documents for the Buyer.
Contents of this Home Seller’s Packet
- What Happens: Contract to Closing from the Seller’s Perspective
- About your Transaction: Selling a Home
- Tips for a Smooth Transaction
- Glossary of Terms
Please be aware that this packet is for general educational purposes only, and individual situations may vary. Contact our office today if you wish to retain our services and receive specific legal counsel on your particular transaction.