Commitment to our Sellers and Buyers on all properties:
Through the entire real estate transaction whether you are buying or selling your home, the Realtor ®s personal and professional commitment is to ensure that the Seller and the buyer are brought together in an agreement that provides each with a “win – win” situation that is fair and equitable.
We are a full-service brokerage for the Seller and we receive no compensation unless and until the sale closes unless you have decided to use our “limited services” such as flat fee listings. We are also a full-service brokerage for a Buyer as a Buyer Broker Representation.
**Many of our agents have personally invested in real estate and know how to buy and sell property. This additional expertise provided to the Seller and the Buyer is a rare gift. The average Realtor has no knowledge about the property or the liens on the property which can make or break your deal.
Why Use Sell Fast Realty?
Not every real estate agent or broker is a Realtor®. That term and the familiar Block “R” logo are trademarked by the National Association of Realtors® and can only be used by those who are Realtors ® members through their local association of Realtors®.
While all Realtors® are state-issued licensees as agents or brokers, the major difference between a “real estate licensee” and a Realtor® is that Realtors® have taken an oath to subscribe to a stringent, enforceable Code of Ethics with Standards of Practice that promote the fair, ethical and honest treatment of all parties in a transaction. Non-member licensees have taken no such oath and are not morally bound to the ethical practices and principles set forth in the Realtor® Code.
Sell Fast Realty’s Critical Role
Below are nearly 165 typical actions, research steps, procedures, processes and review stages in a successful residential real estate transaction for Sellers and Buyers that our office provides as a FULL SERVICE real estate brokerage in return for our sales commission. Depending on the transaction, some may take minutes, hours or even days to complete, while some may not be needed. Since our company helps many Sellers through a Short Sale process, we understand what is needed receive an approval from the short sale lender allowing the sale to move quicker than normal. When representing the Buyer on a transaction, we are aware of what questions to ask the listing agent about the Seller and their situation in order to make sure our Buyer’s offer is handled efficiently making sure that the Buyer’s offer will be submitted and the sale closed quicker than normal.
Our Realtors® reflect the level of skill, knowledge and attention to detail required in today’s real estate transaction with a team that specializes in each area of expertise.
Below is the list of what Sell Fast Realty offers to Sellers and Buyers:
PRE-LISTING ACTIVITIES
1. Make an appointment with Seller for Listing Presentation
2. Send Seller a written or email confirmation of listing appointment and call to confirm
3. Review pre-appointment questions
4. Research all comparables currently listed properties
5. Research sales activity for past 6 months form MLS and public records databases
6. Research “Average Days on Market” for this property of this type, price range and location
7. Download and review property tax roll information
8. Prepare “Comparable Market Analysis” (CMA) to establish fair market value
9. Obtain copy of subdivision plat/complex lay-out
10. Research property’s ownership & deed type
11. Research property’s public record information for lot size and dimensions
12. Research and verify legal description
13. Research property’s land use coding and deed restrictions
14. Research property’s current use and zoning
15. Verify legal names of owners in county’s public property records
16. Prepare listing agreement presentation package with above materials
17. Perform exterior “Curb Appeal Assessment” of subject property
18. Compile and assemble formal file for the property
19. Review listing appointment checklist to ensure all steps and actions have been completed
LISTING APPOINTMENT PRESENTATION
20. Give Seller an overview of current market conditions and projections
21. Review agent’s and company’s credentials and accomplishments in the market
22. Present company’s profile and specialty “short sales” in the market place
23. Present CMA results to Seller, including comparables, solds, current and expired listings
24. Offer pricing strategy based on professional judgment and interpretation of current market conditions
25. Discuss goals with Sellers to market effectively
26. Input all the information into the Multiple Listing Service (MLS) allowing access from all Realtors®
27. Sell Fast Realty has an increase their marketing power and web presence not only by using several other websites however specially enhancing their listings with Realtor.com which has over 1.6 Million searches a day
28. Sell Fast Realty’s office is opened Monday through Friday with telephones being answered from 9 to 5 on Saturday and Sunday
29. Sell Fast Realty’s Agent can be reached 24/7 to discuss the needs of any Buyer and/or Seller
30. Prior to allowing any buyers to look at the property, the Buyer is a pre-qualified to make sure that they are qualified to purchase the property not just look at the property for curiosity
31. Present and discuss strategic master marketing plans
32. Review of the listing contract and any addendums to allow the Seller a full understanding of the forms which they are signing.
Once Property is Under Listing Agreement
33. Review current title information
34. Measure overall and heated square footage
35. Measure interior room sizes
36. Confirm lot size via owner’s copy of certified survey, if available
37. Note any and all unrecorded property lines, agreements, easements
38. Obtain houses plans, if application and available
39. Prepare showing instructions for buyers’ agent and agree on showing time window with Seller
40. Obtain current mortgage loans information: companies and loan account numbers
41. Verify current loan information with lenders
42. Check assumability of loans and any special requirements
43. Discuss possible buyer financing alternatives and options with Seller
44. Review current appraisal, if appraisal
45. Identify Home Owners Association manager if applicable
46. Verify Home Owners Association fees with manager – mandatory or optional and current annual fee
47. Order copy of Homeowners Association bylaws, if applicable
48. Research electricity availability and supplier’s name and phone number
49. Research and verify city sewer/septic tank system
50. Natural Gas: research/verify available and supplier’s name and phone number
51. Verify security system, current term of service and whether owned or leased
52. Verify if seller has transferable Termite Bond
53. Ascertain need for lead-based paint disclosure
54. Prepare detailed list of property amenities
55. Prepare detailed list of property’s “inclusions and conveyances with sale”
56. Compile list of completed repairs and maintenance items
57. Explain benefits of Home Owner Warranty to Seller
58. Assist Sellers with completion and submission of Home Owner Warranty Application
59. When received, place Home Owner Warranty in property file for conveyance at time of sale
60. Have extra key made for lockbox
61. Verify property has rental units involved, and if so:
62. Make copies of all leases for retention in listing file
63. Verify all rents and deposits
64. Inform tenants of listing and discuss how showings will be handled
65. Arrange for Installation of yard sign
66. Assist Seller with completion of Seller’s Disclosure form
67. Complete New Listing Checklist
68. Review results of Curb Appeal Assessment with Seller and provide suggestions to improve salability
69. Review results of Interior Décor Assessment and suggest changes to shorten time on market
70. Load listing into transaction management software program
ENTERING PROPERTY IN MULTIPLE SERVICE DATABASE
71. Assist Seller to prepare MLS Profile Sheet
72. Enter property data from Profile Sheet into MLS Listing Database
73. Provide Seller with signed copies of listing Agreement and MLS Profile Sheet Data Form within 48 hours
74. Take additional photos for upload into MLS and use in flyers.
75. Record a virtual tour of the property
MARKETING THE LISTING
76. Create print and place internet ads with Seller input
77. Coordinate showings with owners, tenants, and other Realtors®. Return all calls – weekends included
78. Install lock box
79. Prepare mailing and contact list
80. Generate mail-merge letters to contact list
81. Prepared flyers and feedback faxes
82. Review comparable MLS listings regularly to ensure property remains competitive in price, terms, conditions and availability
83. Prepare property marketing brochure
84. Arrange for printing or copying of supply of marketing brochures or flyers
85. Place marketing brochures in all company agent mail boxes
86. Upload listing to company and agent internet site
87. Advice Network Referral Program of listing
88. Provide marketing data to buyers come through international networks
89. Provide marketing data to buyers coming from referral networks
90. Submit ads to company’s participating internet real estate sites
91. Price changes conveyed promptly to all internet groups
92. Reprint/supply brochures promptly as needed
93. Loan information reviewed and updated in MLS as required
94. Feedback emails/faxes set to buyers’ agent after showings
95. Review weekly Market Study
96. Discuss feedback from showings agents with Seller to determine if changes will accelerate the sale
97. Place regular bi-weekly update calls to Seller to discuss marketing and pricing
98. Promptly enter price changes in MLS listing database
THE OFFER AND CONTRACT
99. Receive and review all Offer to Purchase contracts submitted by buyers or buyers’ agents
100. Evaluate offers and prepare a “net sheet” on each for the owner for comparison purposes
101. Counsel Seller on offers. Explain merits and weakness of each component of each offer
102. Contact buyers’ agents to review buyer’s qualifications and discuss offer
103. Fax/deliver Seller’s Disclosure to buyer’s agent or buyer upon request an prior to offer if possible
104. Confirm buyer is pre-qualified by calling Loan Officer
105. Obtain pre-qualification letter on buyer from Loan Officer
106. Negotiate all offers on Seller’s behalf, setting time limit for loan approval and closing date
107. Prepare and convey and counter offers, acceptance or amendments to buyer’s agent
108. Fax copies of contract and all addendums to closing attorney or title company
109. When Offer to Purchase Contract is accepted and signed by Seller, deliver to buyer’s agent
110. Record and promptly deposit buyer’s earnest money in escrow account
111. Disseminate “Under Contract Showing Restrictions” as Seller request
112. Fax/deliver copies of Offer to purchase contract to Selling Agent
113. Fax copies of Offer to Purchase contract to lender
114. Provide copies of signed Offer to purchase contract for office file
115. Advise Seller in handling additional offers to purchase submitted between contract and closing.
116. Change status in MLS to “Sale Pending”
117. Update transaction management program to show “Sale Pending”
118. Review buyer’s credit report results – Advise Seller of worst and best case scenarios
119. Provide credit report information to Seller if property will be seller financed
120. Assist buyer with obtaining financing, if applicable and follow up as necessary
121. Order septic system inspection, if applicable
122. Deliver copy of septic system inspection report lender and buyer
123. Deliver Well Flow Rest Reports copies to lender and buyer and property listing file
124. Verify termite inspection ordered
125. Verify mold inspection ordered, if required
TRACKING THE LOAN PROCESS
126. Confirm verification of earnest money deposit
127. Follow loan processing through to the underwriter
128. Confirm that the mortgage company has ordered title work
129. Review the stipulation on mortgage commitment for Buyer
130. Contact lender weekly to ensure processing is on track
131. Relay final approval of Buyer’s loan application to Seller
HOME INSPECTION
132. Coordinate buyer’s professional home inspection with Seller
133. Review home inspector’s report
134. Explain Seller’s responsibilities to any repairs on the property pursuant to clauses in the contract
135. Ensure Seller’s complication with Home Inspection clause requirements
136. Recommend or assist Seller with identifying and negotiating trustworthy contractors to perform any required repairs
137. Negotiate payment and oversee completion of all required repairs on Seller’s behalf, if any
THE APPRAISAL
138. Schedule Appraisal
139. Provide comparables sales used in market pricing to appraiser
140. Follow up on appraisal
141. Assist Seller in questioning appraisal report if it seems to low
CLOSING PREPARATIONS AND DUTIES
142. Contract is signed by all parties
143. Coordinate closing process with buyer’s agent and lender
144. Update closing forms and files
145. Ensure all parties have all forms and information needed to close the sale
146. Selection location where closing will be held
147. Confirm closing date and time and notify all parties
148. Assist in solving any title problems (boundary disputes, easements, etc) or in obtaining death certificates
149. Work with buyer’s agent in scheduling and conducting buyer’s final walk thru prior to closing
150. Research all tax, Homeowners Association Fees, utility and other application prorations
151. Receive and carefully review closing figures to ensure accuracy of preparation
152. Forward verified closing figures to buyer’s agent
153. Request copy of closing documents from closing agent
154. Confirm buyer and buyer’s agent have received title insurance commitment
155. Provide Homeowners Warranty for available at closing
156. Review all closing documents carefully for errors
157. Forward closing documents to absentee Seller as requested
158. Review documents with closing agent (attorney)
159. Coordinate the closing with seller’s net purchase and resolve any timing problems
160. Have a “no surprises” closing so that Seller receives a net proceeds check at closing
161. Change MLS status to Sold. Enter sale date, price, selling broker and agent’s ID numbers etc.
FOLLOW UP AFTER CLOSING
162. Remove lockbox and sign from the property
163. Answer questions about filing claims with Home Owner Warranty company, if requested
164. Attempt to clarify and resolve any conflicts about repairs if buyer is not satisfied
165. Respond to any follow up calls and provide any additional required from office files
We believe that after you review all the benefits we provide to our clients, you will know that Sell Fast Realty is the number one full-service brokerage for YOU.
