What To Expect After Your House Goes Under Contract

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The Barrett Spray Team is dedicated to an exceptional customer experience from start to finish for each and every one of our clients.

My name is Olivia, and I’m the Transaction Coordinator for our team which means I ensure your transaction goes smoothly from the time it goes under contract to close.

Many people are startled to find just how much goes into the real estate process, and even seasoned home buyers and sellers still find themselves learning new things with every transaction.

The process also varies greatly depending on whether we’re representing the buyer or the seller, and the personal circumstances of every client must be taken into account. That said, whatever the case and whatever issues we may come across along the way, our entire team is here to support and assist you.

As soon as we get a property under contract, it comes to my inbox. My first step is to make sure that the contract is fully executed and that there are no discrepancies or missing signatures. After that, I connect the buyer with the title company directly so that they can get their escrow wiring instructions. I also send an e-mail to all parties listing all of the most relevant details of the transaction and making sure that everyone involved (agents, title company, lender, etc.) has all necessary contact info. This ensures that we are all on the same page and able to easily contact each other over the course of the closing.

My next step is to make sure inspections are scheduled within the time frames specified on the contract and that everyone is aware of the inspections and we have set them for a time that works for all parties.

Once the inspection is completed and we have a report back, the buyer’s agent gets with the buyer to discuss whether or not they are going to request any repairs. If they do, we get those requests over to the listing agent, who discusses with their client. The seller completes the repairs and the buyer is able to re-inspect if they would like to do so.

Once any repair issues are resolved, I make sure that the lender orders the appraisal. The appraisal is scheduled in a similar manner to the inspection, except that we also send an agent out to meet with the appraiser and give them a few “comps” (other homes in the area which have sold in the last ninety days) supporting our purchase price. Our objective is always to make sure that we get an accurate appraisal.

After the appraisal is completed and the lender verifies that it is satisfactory, much of the work moves to the lender and the title company. I continuously follow-up with them to make sure that we are moving towards loan approval and that all title work is being completed and the survey is being ordered.

I also send reminders to the buyers to order their Homeowner’s Insurance (a requirement for the lender to approve the loan), make sure they have utility information so that they can have the utilities at their new home turned on in their name before closing, order a home warranty if the contract allows for one, and finally make sure that our clients receive a copy of the settlement statement prior to closing and the buyers have wiring instructions so that they can wire their funds to the title company.

My goal is to get you to closing with as smoothly as possible. It’s exhausting enough to go through the process of buying or selling a house without also being bogged down by the technical aspects of it.

It’s my job to make sure that your real estate transaction is as stress-free as possible. I’m looking forward to working with you!

Olivia Chin
Transaction Coordinator
Barrett Spray Team

(407) 978-4326
olivia@barrettspray.com