Buyer Transaction Services - Resales

Buyer Transaction Services - Resales

Paid at Closing $485 per transaction / $535 Short Sale per transaction / Base fee + $50 for unrepresented party or limited agency

Our buyer transaction services include the items listed below:

INITIAL ADMINISTRATIVE PHASE

• 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 DD fee and EMD checks and corresponding acknowledgements are received.

• Upload contract documents then submit for compliance review.

DUE DILIGENCE PERIOD

• If additional EMD is due, remind buyer of this and ensure acknowledgement is received.

• Schedule initial inspections from preferred vendors and notify all parties.

• Verify buyer has received all inspection reports. 

• Send termite report to agent, buyer, lender, and attorney (if applicable).

• Order home warranties per contract and forward invoice to attorney.

• Send home warranty brochure and order confirmation to buyer.

• Follow up with lender to ensure timely loan processing.

• Connect buyer and attorney regarding attorney required documents.

• Inform attorney and lender if POA needed and assist as needed.

• Schedule closing and notify all parties of closing details.

• Verify required items (inspections, appraisal, DDRA, and/or Agreement to Amend) are completed during due diligence period.

• Confirm appraisal is ordered and completed in a timely manner.

CLOSING PHASE

• 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.

• Inform closing attorney to order survey per buyer or agent directive (if applicable) 

• Send pertinent invoices to attorney if to be paid at closing.

• Send utility provider information 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 then submit for compliance review.

Agent Responsibilities

• Complete MyREangel Contract to Close Form (refer to the Forms page).

• Coordinate/Communicate/Deliver EMD & DD checks to the appropriate parties and provide check copies (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).

• Provide which initial inspections to order. Agents are to order secondary inspections (as a result of initial inspections).

• Attend inspections and meet vendors on-site as needed.

• Drafting of all legal documents (new or revisions).

• Provide if buyer wants a survey.

• 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 final walk-through 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.