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Once
you decide it's time to sell
your home, we'll guide you through
the process of working with
an agent, negotiating a contract
and paying off your loan with
the bank. Our goal is to help
you through a transition that
often involves juggling two
transactions — selling
one property and buying another
one— to make sure everything
happens within an optimal time
frame.
Before
the sale
Often, we'll begin working with
you even before you officially
put your home up for sale, reviewing
any listing agreement you're
given by a real estate broker
so you understand the terms
before you sign. Once you have
an offer in hand, we'll give
you advice on the deal, like
whether a prospective buyer
is likely to be approved by
a co-op board or potential complications
involving a buyer relying on
a guarantee.
Preparing
the contract
Once you have a verbal agreement,
we'll draw up a contract outlining
the terms of the sale, negotiating
with the buyer's lawyer to hammer
out details like when the closing
and possession will take place.
After the contract is signed,
we'll hold the buyer's deposit
in escrow, to be transferred
to you at the closing (or in
the event the buyer backs out
of the deal).
Paying
off your loan
Before the closing, we'll arrange
for the payoff of your mortgage
or co-op loan and make sure
all the documents needed for
the closing are in hand so there
are no delays. For instance,
if you’re selling a co-op
and the bank has lost your stock
certificate and proprietary
lease, we’ll coordinate
with the bank and the co-op
to make sure they get replaced.
Monitoring
the process
As the closing approaches, we’ll
keep track of various deadlines
in the contract that the purchaser
has to meet. We'll also make
sure the bank's attorneys know
about the closing and are planning
to attend.
The
closing
Finally, we'll attend the closing
with you — or prepare
powers of attorney to handle
it on your behalf if you can't
make it.
Closing
statement
After the closing, we'll prepare
a closing statement for you,
including the terms of the transaction,
a summary of payments made and
copies of all the pertinent
paperwork related to the sale.
To
learn more about our other services,
click one of the following headings:
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