Illustrated Properties Buyer's Guide

Escrow & Title • All parties accept and sign the

What I Will Do For You • Recommend title company, local lender (if needed), and local service providers for inspections, home improvement, repairs, and maintenance, and moving. • Prepare appraisal comparables and provide insights and notable property features to the appraiser. • Schedule and join inspections. • Address concerns, questions, or clarifications with the listing agent. • Write repair proposals, if needed. • Ensure all inspections and repair requests are completed within the contract’s due diligence period. • Ensure all required documents are signed and all terms of the contract are met on time to be ready for closing. Negotiations or Credits • Discuss final findings from the report as well as next steps such as negotiations for repairs or credits, if needed. • Draft, review, and sign addendums and contingency removals. • Sign all reports. appointments, setting a timeline based on the contract date. • Coordinate access to the home with the listing agent for inspections. • Review the inspectors’ notations or concerns, discussing action items or additional inspections. • Receive a copy of each inspection report. Property Inspections • Coordinate and schedule inspection

Purchase and Sale Agreement, making it a legally binding agreement. • Set a timeline based on the contract date. • Deposit Earnest Money. • Initiate a title report for the property and review any terms of note. Financing & Appraisal • Initiate the financing process with the lender. • Order and schedule an appraisal. • The appraiser analyzes the condition of the property compared to recent sales prices for similar properties in the area. • Review the appraisal report, discuss discrepancies, and negotiate a low appraisal with the listing agent, seller, and lender if necessary. • Review and sign appraisal and finance contingency removal documents. • Confirm financing and appraisal sign- off with the lender. Disclosures Review • Review all disclosures and reports. • Request additional written disclosures or inspections, if needed. • Sign all documents. • Provide copies to the respective parties in the transaction.

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