Behind the Scenes
Sometimes it sounds like REALTORS® just parachute in, show you homes, help you buy one and then disappear. Nothing could be further from the truth. When you retain a full time, professional REALTOR® like us there are almost 200 small items we take care of for you behind the scenes. Just to give you a quick idea, here is some of what happens while you are viewing homes, buying one and waiting for closing:
- Verification of pre-approval
- Coordination with lenders if required for pre-approval
- Calling other REALTORS® to see if they have properties that match your criteria
- Checking the MLS® system multiple times a day to search for properties
- Calling REALTORS® on specific properties to verify information to benefit you
- Providing feedback on properties we have seen that may result in changes to that listing
- Constant contact with your lender to ensure a smooth transaction
- Preparation of your Agreement of Purchase and Sale
- Entry of your details into our contact management system
- Constant contact with the REALTOR® representing the Seller during negotiations
- Providing proper guidance to you throughout the negotiations
- Continuing to search for properties while you are negotiating
- Preparing any counteroffers
- Ensuring counter offers are received by the Selling REALTOR®/Seller.
- Recording all additional information required at the time of any Agreement of Purchase and Sale (FINTRAC, Buyer Representation forms)
- Helping you prepare and deliver the deposit cheque upon successful negotiation
- Once an agreement has been accepted, providing copies to you
- Helping you decide on legal representation if required
- Forwarding appropriate paperwork to the lender
- Forwarding appropriate paperwork to the lawyer
- Helping you decide on a home inspector
- Coordinating the home inspection between you, the Seller and the inspector
- Coordinating any further inspections that may be required
- Reviewing the home inspector’s report with you
- Recommendations for trustworthy contactors to perform any required items
- Coordinating any appraisals required by the lender
- Daily contact with the lender to follow progress of loan approval
- Providing comparable sales used in market pricing to the appraiser
- Follow up on Appraisal
- Maintaining contact through the conditional period with Seller, Selling REALTOR®, lender and lawyer
- Preparation of paperwork required to waive/fulfill conditions
- Preparation of any amendments to the agreement that may be required
- Providing final paperwork to lender
- Providing final paperwork to the lawyer
- Providing final paperwork to the seller or seller’s REALTOR®
- Providing final paperwork to a relocation company if required
- Updating contact management system to reflect closing arrangements
- Providing recommendations for movers
- Ensuring there are no changes to the property prior to closing
- Coordinating any last minute requests from lenders, lawyers, relocations companies or yourselves
