Most buyers and sellers believe the primary job of a REALTOR is to assist buyers in finding the correct home and getting it under contract. Or, listing a seller’s home and marketing to seek buyers. While this is a critical first step, the real work comes once a property is under contract and with the efforts involved to reach closing. Here are the primary steps in the process for buyers and for sellers consideration:

Apply for a Mortgage Loan as Applicable.

Execute Contract and Escrow at Title Company.

Obtain Home and Wood Destroying Insect Inspections. Negotiate Appropriate Repairs.

Obtain Quotes for Home Insurance and Possible Flood Insurance.

Get and Review Information about Home Owner’s Associations and/or City Restrictions.

Obtain a Survey and Address any Boundary Issues such as Encroachments or Easements.

Receive and Review the Title Commitment to Ensure Clear Ownership.

Review Tax Records and Assess Anticipated Tax Assessed Value Changes.

Have the Property Appraised and Ensure Lender Acceptance.

If Septic Sewage, Have Certified by the LCRA if within ½ Mile of Waterways.

There are many additional steps and details to the overall process. Work with a qualified Real Estate Professional to ensure you best interests are covered.

Curious about any local real estate topics? Please submit questions by email at [email protected], or feel free to give me a call on my direct line at 325-248-4369.

Jeff Spears is a Licensed Broker in the State of Texas. Each Office of Keller Williams Realty is Independently Owned and Operated. If you have a contractual relationship with another Broker, this is not a solicitation for your business.