After your home is under contract in Atlanta, what should sellers Do?

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After your home is under contract in Atlanta, what should sellers Do?

After your home is under contract in Atlanta, what should sellers Do?When you have a signed contract with the buyer to sell your home, you may feel like you can breathe a sigh of relief. But you as seller still have things to do; as a seller you have to cooperate with the buyer, and the buyer’s agent to fulfill the commitments made in the contract. In other words, before you can relax completely, you must comply with the terms of the contract prior to getting to the closing table.

Contingency Sale

While the burden is on the buyer to complete with the financing term for the purchase of your house and obtain homeowners insurance, there are some contingencies the contract that will have to be completed by the seller, especially if you are living at home. Most transactions include an inspection of the house, so you need to make your house available to the inspector and then negotiate with buyers especially if there are some problems to be repaired in your home. In addition to home inspection, some contracts and some lenders require a termite inspection and radon inspection. In each case, you or your real estate agent or buyer’s agent will have to make the house available for inspection.

Another important step before closing is home Appraisal. If the assessment value of your home is higher than the selling price, your home buyers can relax and say they have bought a house below market value. Once the contract has been signed, the seller can not renegotiate for higher price. However, if the assessment is below the agreed price, then the buyer’s lender will limit the amount of the loan to the lower value. The buyer may have to make up the difference to comply with the contract. Your real estate agent can advise you on the best way to handle this situation, but in any case you and the buyer are required to comply by the terms of the contract. Before going to the closing table, you and your real estate agent should review the contract and make sure it has fulfilled all the promises that have been made in the contract and all repairs or improvements are completed.Homes for Sale in Dunwoody

At Closing

Buyers and sellers often negotiate the closing date that is mutually agreeable. If you have sold your home and are not ready to move out, sometimes you can negotiate a rent from your buyer allowing you to stay at home after the closing date, be sure to do this in writing. Moreover, some Sellers allow buyers to move before the closing date. In any case, it is essential to have a written agreement about who is responsible if something happens to the house or its contents during the transition period.Generally, you are restricted to rent back your home for a maximum period of 60 days, because otherwise, the lender will see this as an investment property.

 Closing Services

The decision on who selects the closing attorney will vary from market to market. In many places, the buyer chooses a lawyer, but in others the seller chooses it. The lawyer  doing the closing does not represent the buyer or seller, instead, he/she represents the Lender. In a case that no mortgage is taking out by the Buyer and the Buyer is paying cash, then the Lawyer is representing the Buyer. The buyer will provide funds to buy your home and the lawyer will review the sales and will determine all the payments due bases on the sales contract. The title of the property is transferred to the buyers name  and the Lawyer will proceeds to register the property in the name of the new owner.

At the time of closing the appropriate adjustment related to property taxes are done, if the seller was paying taxes through an escrow account, and taxes have already been paid for the remianing of the year, then the seller will receive a credit for the amount paid in advance. The buyer will usually have to pay property tax in advance. Once the closing documents are signed and the keys of the house is transferred, you can move into your new home.

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Telmo Bermeo Real Estate Broker

About Telmo Bermeo

Small Business Owner, specializes in marketing homes for sale in the Atlanta Area by using the most up to date Internet Marketing Tools.

Real Estate Broker serving the Atlanta Metro Area, for over 12 years. If you are planning to buy or sell your home in Atlanta, call Telmo Bermeo at 404-855-3070

More Posts By Telmo Bermeo

Atlanta Real Estate

Atlanta Homes for Sale

New Listing - 21 minutes online
$199,900
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
1,000
SQFT
2197 Polar Rock Terrace SW
Atlanta, GA 30315
POLAR ROCK Subdivision
New Listing - 51 minutes online
$525,000
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
Manchester #2047
2047 Telfair Circle NE
Atlanta, GA 30324
New Listing - 51 minutes online
$399,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,978
SQFT
870 Westmont Road SW
Atlanta, GA 30311
Westview Subdivision
New Listing - 2 hours online
$275,000
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
2,416
SQFT
3839 Savannah Square E
Atlanta, GA 30340
SAVANNAH SQUARE Subdivision
New Listing - 2 hours online
$189,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,058
SQFT
1031 Fair Street SW
Atlanta, GA 30314
Ashview Heights Subdivision
New Listing - 3 hours online
$135,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
760
SQFT
Mount Vernon Towers #A510
300 Johnson Ferry Road NE
Atlanta, GA 30328
New Listing - 3 hours online
$269,000
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
1,138
SQFT
111 Whitefoord Avenue SE
Atlanta, GA 30317
Edgewood Subdivision
New Listing - 3 hours online
$464,900
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,216
SQFT
2116 Wood Trail NW
Atlanta, GA 30318
Adams Crossing Subdivision
New Listing - 3 hours online
$5,295,000
Single Family Home For Sale
Active
5
BED
7
TOTAL BATHS
4,803
SQFT
3627 Tuxedo Road NW
Atlanta, GA 30305
Tuxedo Park Subdivision
New Listing - 3 hours online
$198,900
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,247
SQFT
2874 SW Waters Road SW
Atlanta, GA 30354
 
New Listing - 3 hours online
$550,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
2,128
SQFT
3649 Peachtree Road #201
3649 Peachtree Road NE
Atlanta, GA 30319
New Listing - 3 hours online
$895,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
4,160
SQFT
835 Peachtree Battle Avenue NW
Atlanta, GA 30327
Buckhead Subdivision
New Listing - 3 hours online
$374,900
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
2,030
SQFT
1575 Beecher Street SW
Atlanta, GA 30310
Westview Subdivision
New Listing - 3 hours online
$260,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
763
SQFT
Twelve Centennial #2708
400 W Peachtree Street NW
Atlanta, GA 30308
New Listing - 4 hours online
$180,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,205
SQFT
380 Wildwood Point
Atlanta, GA 30349
Magnolia Walk Subdivision

Sandy Springs Homes for Sale

New Listing - 2 hours online
$780,000
Single Family Home For Sale
Active
6
BED
6
TOTAL BATHS
6,833
SQFT
8135 Habersham Waters Road
Sandy Springs, GA 30350
Rivergate Subdivision
New Listing - 6 hours online
$849,900
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
4,904
SQFT
275 Cameron Ridge Drive
Sandy Springs, GA 30328
Cameron Glen Subdivision
New Listing - 7 hours online
$845,000
Single Family Home For Sale
Active
4
BED
5
TOTAL BATHS
4,591
SQFT
9080 Huntcliff Trace
Sandy Springs, GA 30050
Huntcliff Subdivision
Open House 06/02 at 2PM
$699,000
Land For Sale
Active
6
BED
5
TOTAL BATHS
5430 E Idlewood Lane
Sandy Springs, GA 30327
Heards Ferry Subdivision
New Listing - 8 hours online
$453,450
Townhouse For Sale
Active
3
BED
4
TOTAL BATHS
2,123
SQFT
369 Provenance Drive
Sandy Springs, GA 30328
Provenanve At Sandy Springs Subdivision
New Listing - 9 hours online
$679,999
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
5,123
SQFT
825 Spalding Drive
Sandy Springs, GA 30328
SPALDING WOODS Subdivision
New Listing - 2 days online
$255,000
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
1,600
SQFT
Masons Creek Townhomes #104
104 Mason’s Creek Circle
Sandy Springs, GA 30350
New Listing - 2 days online
$700,000
Land For Sale
Active
0.849
ACRES
FULTON
COUNTY
160 Worth Drive
Sandy Springs, GA 30327
Chastain Park Subdivision
New Listing - 3 days online
$175,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,350
SQFT
Dunwoody Square #10D
7750 Roswell Road
Sandy Springs, GA 30350
New Listing - 3 days online
$950,000
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
5,160
SQFT
30 Cameron Glen Drive
Sandy Springs, GA 30328
Cameron Glen Subdivision
New Listing - 3 days online
$214,999
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,469
SQFT
Foxcroft #D21
6851 Roswell Road
Sandy Springs, GA 30328
New Listing - 3 days online
$375,000
Townhouse For Sale
Active
3
BED
4
TOTAL BATHS
2,412
SQFT
5273 Glenridge Drive
Sandy Springs, GA 30342
The Glenridge Subdivision
New Listing - 3 days online
$545,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
6755 River Springs Court
Sandy Springs, GA 30328
Wyndham Hills Subdivision
New Listing - 3 days online
$695,000
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
6,157
SQFT
90 Wing Mill Road
Sandy Springs, GA 30350
Grogans Bluff Subdivision

Marietta Homes for Sale

New Listing - 51 minutes online
$135,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,246
SQFT
Ashborough Village #A
1820 Ashborough Road SE
Marietta, GA 30067
New Listing - an hour online
$349,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,129
SQFT
2111 Candlewood Court NE
Marietta, GA 30066
Stocktons Mill Subdivision
New Listing - 2 hours online
$275,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
10,890
SQFT
1331 Red Hill Road
Marietta, GA 30008
Hampton Terrace Subdivision Subdivision
New Listing - 2 hours online
$525,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
4,798
SQFT
1416 Cameron Glen Drive
Marietta, GA 30062
Cameron Glen Subdivision
New Listing - 3 hours online
$635,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
2,927
SQFT
329 Green Oak Ridge
Marietta, GA 30068
 
New Listing - 4 hours online
$537,900
Townhouse For Sale
Active
3
BED
4
TOTAL BATHS
2,901
SQFT
3518 Clemont Circle
Marietta, GA 30062
EDENTON Subdivision
New Listing - 4 hours online
$345,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,950
SQFT
356 Redwood Drive SW
Marietta, GA 30064
Whitlock Heights Subdivision
New Listing - 4 hours online
$357,500
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,802
SQFT
1241 Penncross Way SW
Marietta, GA 30064
Pennington Hill Subdivision
New Listing - 5 hours online
$569,995
Single Family Home For Sale
Active
7
BED
5
TOTAL BATHS
3,888
SQFT
1470 Dylan Chase
Marietta, GA 30066
Dylans Glen Subdivision
New Listing - 5 hours online
$449,900
Single Family Home For Sale
Active
4
BED
5
TOTAL BATHS
3,034
SQFT
120 Senna Street
Marietta, GA 30064
Promenade at the Square Subdivision
New Listing - 5 hours online
$224,900
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,076
SQFT
1515 Hascall Drive SW
Marietta, GA 30064
The Overlook Subdivision
New Listing - 5 hours online
$220,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,299
SQFT
4976 Turtle Rock Drive
Marietta, GA 30066
TURTLE CREEK Subdivision
New Listing - 5 hours online
$925,000
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
5,000
SQFT
1417 Siesta Lane
Marietta, GA 30062
Hickory Grove Subdivision
New Listing - 5 hours online
$242,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,512
SQFT
211 Vistawood Lane
Marietta, GA 30066
PIEDMONT HILLS Subdivision
New Listing - 6 hours online
$444,900
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,069
SQFT
124 Senna Street
Marietta, GA 30064
Promenade at the Square Subdivision

Alpharetta Homes for Sale

New Listing - 2 hours online
$302,800
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
2,271
SQFT
13896 Portside Cove
Alpharetta, GA 30004
Wyndham Subdivision
New Listing - 3 hours online
$299,999
Townhouse For Sale
Active
3
BED
4
TOTAL BATHS
1,754
SQFT
8910 Niblick Drive
Alpharetta, GA 30022
River Ridge Subdivision
New Listing - 4 hours online
$444,900
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,976
SQFT
1360 Windhaven Drive
Alpharetta, GA 30005
Windhaven Subdivision
New Listing - 5 hours online
$618,000
Townhouse For Sale
Active
4
BED
4
TOTAL BATHS
3,980
SQFT
104 Overture Drive
Alpharetta, GA 30009
Overture at Encore Subdivision
New Listing - 5 hours online
$365,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,414
SQFT
635 Sweet Gum Forest Lane
Alpharetta, GA 30005
THE FOREST Subdivision
New Listing - 5 hours online
$775,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
5,531
SQFT
5015 Park Brooke Walk Way
Alpharetta, GA 30022
Park Brooke Subdivision
New Listing - 6 hours online
$635,000
Single Family Home For Sale
Active
6
BED
5
TOTAL BATHS
7,101
SQFT
260 Stoney Ridge Drive
Alpharetta, GA 30022
The Ridge at Brumbelow Subdivision
New Listing - 8 hours online
$205,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,321
SQFT
Villages Of Devinshire #925
925 Sandringham Drive
Alpharetta, GA 30004
New Listing - 10 hours online
$144,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,250
SQFT
126 Sterling Court
Alpharetta, GA 30004
Sterling Heights Subdivision
New Listing - 10 hours online
$214,500
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,218
SQFT
Preserve At Northpointe #K7
10900 Wittenridge Drive
Alpharetta, GA 30022
New Listing - yesterday
$235,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,194
SQFT
6020 Woodland Lane
Alpharetta, GA 30009
Woodlands at Webb Bridge Subdivision
New Listing - yesterday
$495,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,516
SQFT
1140 Ledmark Court
Alpharetta, GA 30004
Bethany Crossing Subdivision
New Listing - yesterday
$482,900
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,588
SQFT
4840 Walnut Grove
Alpharetta, GA 30022
River Farm Subdivision
New Listing - yesterday
$245,000
Single Family Home For Sale
Active
2
BED
3
TOTAL BATHS
1,409
SQFT
33 Devonshire Court
Alpharetta, GA 30022
Devonshire Subdivision
New Listing - yesterday
$342,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,344
SQFT
4655 Weathervane Drive
Alpharetta, GA 30022
Churchill Downs Subdivision