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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 770-309-6417

Atlanta Real Estate

Here is the Top Real Estate Markets in Georgia

Atlanta Homes for Sale | Alpharetta Homes for Sale | Marietta Homes for Sale | Sandy Springs Homes for Sale | Decatur Homes for Sale Roswell Homes for Sale Lawrenceville Homes for Sale | Kennesaw homes for sale

Atlanta Homes for Sale

New Listing - 3 weeks online
$3,150,000
Single Family Home For Sale
Active
6
BEDS
6
TOTAL BATHS
5,637
SQFT
773 Brookridge Drive NE
Atlanta, GA 30306
Virginia Highlands Subdivision
$1,579,000
Single Family Home For Sale
Active
5
BEDS
4
TOTAL BATHS
3,595
SQFT
1446 Monroe Drive NE
Atlanta, GA 30324
Morningside Subdivision
$1,999,900
Single Family Home For Sale
Pending
5
BEDS
6
TOTAL BATHS
4,387
SQFT
1050 Vance Avenue NE
Atlanta, GA 30306
Virginia Highlands Subdivision
Price Change - 4 weeks ago
$1,195,000
Single Family Home For Sale
Active
5
BEDS
4
TOTAL BATHS
3,455
SQFT
Old Fourth Ward #B
518 Rankin Street NE
Atlanta, GA 30308
Price Change - 4 weeks ago
$1,175,000
Single Family Home For Sale
Active
4
BEDS
5
TOTAL BATHS
3,452
SQFT
Old Fourth Ward #A
518 Rankin Street NE
Atlanta, GA 30308
New Listing - 2 weeks online
$798,500
Single Family Home For Sale
Active
3
BEDS
5
TOTAL BATHS
2,474
SQFT
420 Parkway Drive
Atlanta, GA 30308
Skyline At Parkway Subdivision
$1,948,000
Single Family Home For Sale
Active
6
BEDS
7
TOTAL BATHS
4,870
SQFT
1480 N Highland Avenue
Atlanta, GA 30306
Morningside Subdivision
$2,200,000
Single Family Home For Sale
Active
5
BEDS
6
TOTAL BATHS
5,100
SQFT
215 Camden
Atlanta, GA 30309
Brookwood Hlls Subdivision
$834,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
2,605
SQFT
1821 Huntington Hills Lane NW
Atlanta, GA 30309
28th At Brookwood Subdivision
$1,500,000
Single Family Home For Sale
Pending
5
BEDS
5
TOTAL BATHS
4,010
SQFT
1252 Lenox Circle NE
Atlanta, GA 30306
Morningside Subdivision
New Listing - 3 weeks online
$1,649,000
Single Family Home For Sale
Active Under Contract
4
BEDS
6
TOTAL BATHS
4,069
SQFT
1785 Noble Drive NE
Atlanta, GA 30306
Morningside Subdivision
New Listing - 4 weeks online
$1,550,000
Single Family Home For Sale
Pending
3
BEDS
4
TOTAL BATHS
3,400
SQFT
1626 Clifton Terrace NE
Atlanta, GA 30307
Frederick Trust Subdivision
$1,600,000
Single Family Home For Sale
Active
4
BEDS
5
TOTAL BATHS
3,400
SQFT
1626 Clifton Terrace NE
Atlanta, GA 30307
Frederick Trust Subdivision
$799,900
Single Family Home For Sale
Pending
4
BEDS
4
TOTAL BATHS
2,559
SQFT
Lake Claire #26
245 Colebrook Street NE
Atlanta, GA 30307
$572,619
Single Family Home For Sale
Pending
3
BEDS
4
TOTAL BATHS
2,053
SQFT
529 Broadview Lane
Atlanta, GA 30324
Broadview Place Subdivision
$620,970
Single Family Home For Sale
Pending
3
BEDS
4
TOTAL BATHS
2,574
SQFT
523 Broadview Lane
Atlanta, GA 30324
Broadview Place Subdivision
$568,040
Single Family Home For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,905
SQFT
521 Broadview Place NE
Atlanta, GA 30324
Broadview Place Subdivision
$580,000
Single Family Home For Sale
Pending
3
BEDS
4
TOTAL BATHS
2,083
SQFT
38 Becker Place NW
Atlanta, GA 30307
Oxley Edgewood Subdivision
$565,000
Single Family Home For Sale
Pending
3
BEDS
4
TOTAL BATHS
2,083
SQFT
40 Becker Place NW
Atlanta, GA 30307
Oxley Edgewood Subdivision
$550,000
Single Family Home For Sale
Pending
4
BEDS
4
TOTAL BATHS
1,922
SQFT
42 Becker Place NW
Atlanta, GA 30307
Oxley Edgewood Subdivision
$581,838
Single Family Home For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,914
SQFT
622 Broadview Terrace NE
Atlanta, GA 30324
Broadview Place Subdivision
$542,224
Single Family Home For Sale
Pending
3
BEDS
4
TOTAL BATHS
2,015
SQFT
620 Broadview Terrace NE
Atlanta, GA 30324
Broadview Place Subdivision
$626,540
Single Family Home For Sale
Pending
3
BEDS
4
TOTAL BATHS
2,636
SQFT
601 Broadview Terrace NE
Atlanta, GA 30324
Broadview Place Subdivision
$676,072
Single Family Home For Sale
Pending
3
BEDS
4
TOTAL BATHS
2,850
SQFT
571 Broadview Place NE
Atlanta, GA 30324
Broadview Place Subdivision
$603,389
Single Family Home For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,905
SQFT
573 Broadview Place NE
Atlanta, GA 30324
Broadview Place Subdivision
$627,435
Single Family Home For Sale
Pending
3
BEDS
4
TOTAL BATHS
2,724
SQFT
597 Broadview Place NE
Atlanta, GA 30324
Broadview Place Subdivision
$886,490
Single Family Home For Sale
Pending
4
BEDS
5
TOTAL BATHS
2,705
SQFT
1529 English Street NW
Atlanta, GA 30318
West Town Subdivision
New Listing - 4 days online
$814,212
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
2,705
SQFT
1485 English Street NW
Atlanta, GA 30318
West Town Subdivision
New Listing - 3 weeks online
$816,300
Single Family Home For Sale
Pending
4
BEDS
4
TOTAL BATHS
2,705
SQFT
1500 Reed Drive NW
Atlanta, GA 30318
West Town Subdivision
New Listing - 3 weeks online
$799,900
Single Family Home For Sale
Pending
4
BEDS
4
TOTAL BATHS
3,243
SQFT
1448 Fairmont Avenue
Atlanta, GA 30318
West Town Subdivision
$678,840
Single Family Home For Sale
Pending
3
BEDS
4
TOTAL BATHS
2,673
SQFT
1484 Fairmont Avenue
Atlanta, GA 30318
West Town Subdivision
$575,000
Single Family Home For Sale
Pending
3
BEDS
4
TOTAL BATHS
1,784
SQFT
91 Hutchinson Street NE
Atlanta, GA 30307
Edgewood Subdivision
$2,750,000
Single Family Home For Sale
Active
5
BEDS
5
TOTAL BATHS
7,721
SQFT
1410 Lavista Road NE
Atlanta, GA 30324
Lavista Park Subdivision
$539,999
Single Family Home For Sale
Pending
3
BEDS
3
TOTAL BATHS
2,300
SQFT
1315 Wylie Street SE
Atlanta, GA 30317
 
$675,000
Single Family Home For Sale
Pending
5
BEDS
4
TOTAL BATHS
4,200
SQFT
1105 Faith Avenue SE
Atlanta, GA 30316
Ormewood Park Subdivision
Price Change - 2 weeks ago
$624,999
Single Family Home For Sale
Active
3
BEDS
4
TOTAL BATHS
1,850
SQFT
120 Woodbine Circle SE
Atlanta, GA 30317
Kirkwood Subdivision
Open House Sat, Sep 25, 6 PM UTC
Please verify times due to COVID-19
$850,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
2,485
SQFT
155 Woodbine Circle SE
Atlanta, GA 30317
Kirkwood Subdivision
$1,860,000
Single Family Home For Sale
Pending
4
BEDS
6
TOTAL BATHS
3,995
SQFT
1263 Hopkins Terrace NE
Atlanta, GA 30324
Lavista Park Subdivision
Price Change - 2 weeks ago
$2,050,000
Single Family Home For Sale
Active Under Contract
4
BEDS
5
TOTAL BATHS
5,936
SQFT
1319 Hopkins Terrace NE
Atlanta, GA 30324
Lavista Park Subdivision
$799,000
Single Family Home For Sale
Pending
4
BEDS
4
TOTAL BATHS
2,595
SQFT
82 Clay Street SE
Atlanta, GA 30317
Kirkwood Subdivision
$1,150,000
Single Family Home For Sale
Active
5
BEDS
4
TOTAL BATHS
3,336
SQFT
1926 Trotti Street NE
Atlanta, GA 30317
Kirkwood Subdivision
$399,900
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
1,765
SQFT
106 Morris Brown
Atlanta, GA 30314
Just Us Subdivision
$2,900,000
Single Family Home For Sale
Active
6
BEDS
7
TOTAL BATHS
5,500
SQFT
Buckhead #B
30 Habersham Way NW
Atlanta, GA 30305
$2,800,000
Single Family Home For Sale
Active
6
BEDS
7
TOTAL BATHS
5,500
SQFT
Buckhead #A
30 Habersham Way NW
Atlanta, GA 30305
$394,900
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
1,311
SQFT
219 Tennessee Avenue SW
Atlanta, GA 30315
Mechanicsville Subdivision
$394,900
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
1,311
SQFT
223 Tennessee Avenue SW
Atlanta, GA 30315
Mechanicsville Subdivision
$6,895,000
Single Family Home For Sale
Active
7
BEDS
9
TOTAL BATHS
9,278
SQFT
2845 Normandy Drive NW
Atlanta, GA 30305
Buckhead Subdivision
$409,900
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
1,878
SQFT
701 Smith Street
Atlanta, GA 30310
Mechanicsville Subdivision
$950,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
3,000
SQFT
293 Ormond Street SE
Atlanta, GA 30315
Grant Park Subdivision
$1,500,000
Single Family Home For Sale
Active
7
BEDS
7
TOTAL BATHS
672 Timm Valley Road
Atlanta, GA 30305
Peachtree Park Subdivision
$409,900
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
1,879
SQFT
795 Cooper Street SW
Atlanta, GA 30310
Mechanicsville Subdivision
$1,500,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
4,900
SQFT
163 Atlanta Avenue SE
Atlanta, GA 30315
 
$409,900
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,230
SQFT
810 Cooper Street SW
Atlanta, GA 30315
Mechanicsville Subdivision
$450,000
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
1,872
SQFT
931 Violet Street SE
Atlanta, GA 30315
Summerhill Subdivision
$425,000
Single Family Home For Sale
Active Under Contract
4
BEDS
4
TOTAL BATHS
3,700
SQFT
1484 Norris Place NW
Atlanta, GA 30314
Norris Place Subdivision
New Listing - a week online
$674,900
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
2,308
SQFT
1775 Wenlock Avenue
Atlanta, GA 30318
 
$585,000
Single Family Home For Sale
Pending
4
BEDS
3
TOTAL BATHS
1,871
SQFT
811 Gresham Avenue SE
Atlanta, GA 30316
East Atlanta Subdivision
Open House Sun, Sep 26, 5 PM UTC
Please verify times due to COVID-19
$1,799,000
Single Family Home For Sale
Active
5
BEDS
7
TOTAL BATHS
995 Battle Creek Way
Atlanta, GA 30327
Buckhead Subdivision
Price Change - 4 weeks ago
$499,900
Single Family Home For Sale
Active Under Contract
4
BEDS
2
TOTAL BATHS
1,870
SQFT
802 Lowndes Avenue SW
Atlanta, GA 30310
Historic Adair Park Subdivision
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