| Buyer |
Seller |
Task |
| |
X |
List home - Realtor performs market
analysis for home - Realtor and client determine repairs or
improvements to improve price or salability of the home -
Realtor and client set price for home
|
| |
X |
Seller Property Disclosure Statement (SPDS)
Filled out |
| |
X |
Clue Report ordered |
| X |
|
Make offer to purchase home
Contract includes
- Purchase Contract
- Agency Disclosure
- Notice and Disclosure Regarding Mold
- Home Inspection Disclosure
- Applicable addendums as needed
- Assumption & Carryback Addendum
- Buyers Contingency Addendum
- Domestic Well Addendum
- Specific HUD Form Addendums
- HOA Addendum
- Lead Based Paint disclosure
- Additional Clause Addendums
- On-site Wastewater treatment Facility Addendum
- Foreclosure Addendums
- Other Addendums
|
| X |
|
Loan Status Report (LSR) received |
| X |
X |
Negotiation and Counter offer(s) |
| X |
X |
Mutual Acceptance of Purchase Contract |
| |
X |
Earnest monies deposited to escrow |
| X |
|
Buyer to apply for Homeowners Insurance |
| |
X |
SPDS Delivered to Buyer |
| |
X |
CLUE Report received |
| X |
|
Clue Report delivered to buyer |
| |
X |
HOA documents ordered |
| X |
|
Appraisal Ordered |
| X |
|
Inspections scheduled (if desired)
- General Home Inspection
- Pool Inspection
- Termite Inspection
- Mold Inspection
|
| X |
|
Homeowner insurance policy quote received
by buyer |
| X |
|
Homeowner insurance policy quote received
by Loan Officer |
| X |
|
HOA documents received and accepted by
Buyer |
| X |
X |
Receipt of Title Commitment/Sch. B: |
| X |
|
Inspections completed (if desired)
- General Home Inspection
- Pool Inspection
- Termite Inspection
- Mold Inspection
|
| X |
|
Repair estimates received (if needed) |
| X |
X |
Septic/Alternative System certified (if
needed) |
| X |
|
Buyers Inspection Notice & Sellers Response
(BINSR) filled out by Buyers and submitted to Seller |
| |
X |
Sellers response to BINSR |
| |
X |
Repairs completed (if needed) |
| X |
|
Deadline for Buyer disapproval of Home |
| X |
|
Appraisal Received |
| X |
|
Deadline to cancel based on Appraisal |
| X |
|
Deadline to cancel based on failure of
Buyer to qualify for the loan |
| X |
|
Loan Status Updates (LSU) received |
| X |
|
Loan documents delivered to title |
| |
X |
Seller to signs title documents |
| X |
|
Buyer signs title and loan documents |
| X |
|
Buyers Final Walkthrough |
| X |
|
Loan funds |
| X |
|
Home Warranty placed on property |
| X |
|
Sale & Loan recorded |
| X |
X |
Keys delivered |
