Buyer Transaction Services - New Construction

Our buyer transaction services include the items listed below:

Conduct audit of contract documents verifying completion and notify agent/obtain corrections for any concerns.
Introductory email to include contract documents to all parties (lender, attorney, buyer, and all involved agents).
Ensure builder deposit receipt received.
Upload contract documents then submit for compliance review.

Verify additional builder deposits are received with receipt.
Schedule independent initial inspections from preferred vendors and notify all parties (if applicable).
Verify buyer has received all inspection reports.
Follow up with lender to ensure timely loan processing.
Inquire with builder regarding final survey. Order final survey if buyer requests.
Inform attorney and lender if POA needed and assist as needed.

Verify final sales price.
Complete information required for commission payment and forward disbursement authorization to attorney.
Follow-up with lender to ensure loan approval is on track for closing.
Coordinate closing with builder and notify all parties of closing details.
Confirm final appraisal is scheduled once home is almost finished.
Schedule final inspection from preferred vendors and notify all parties (if applicable).
Verify buyer has received all inspection reports.
Request Certificate of Occupancy and forward to buyer, lender, and agent.
Request utility provider information from builder and send to buyer.
Instruct buyer to contact attorney for wire instructions.
Request Closing Disclosure and forward to agent and buyer for review.
Remind agent to coordinate final walk-through with buyer.
Forward signed CD/ALTA/HUD to agent and buyer for their files.
Upload closing documents and then submit for compliance review.

Agent Responsibilities

Complete MyREangel Contract to Close Form (refer to the Forms page).
Coordinate/Communicate/Deliver builder deposit to the builder and provide check copy (if applicable).
Provide executed Offer to Purchase and Contract and all accompanying addenda including required disclosures.
Provide fully executed referral agreement and W9 (if there's a referral).
Schedule builder pre-construction meeting, pre-drywall meeting, design studio meeting, and any other applicable meetings.
Communicate with onsite agent and/or builder as needed for status updates
Provide which initial independent inspections to order. Agents to order secondary inspections (as a result of initial inspections).
Attend all on-site meetings and inspections.
Drafting of all legal documents (new or revisions).
Request and negotiate repairs and/or any changes to contract and inform us once negotiations are complete. Provide revised documents.
Obtain repair estimates and coordinate repairs (if applicable).
Request repair receipts from seller's agent and forward paid receipts to buyers.
Verify repair documents are accounted for, accurate, and address all issues. If not, agents are to request additional documents from seller's agent.
Attend all walk-throughs and closing.
Provide signed CD/ALTA/HUD and closing check copy.
Requests from clients, attorneys, or other involved parties that come up after closing.
Counsel clients per agency relationship throughout transaction.

Report abuse