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

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

$1,350,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
822 Argonne Avenue NE
Atlanta, GA 30308
Midtown Subdivision
$1,795,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
5,247
SQFT
775 Amsterdam Avenue NE
Atlanta, GA 30306
Morningside Subdivision
$1,995,000
Single Family Home For Sale
Pending
5
BED
6
TOTAL BATHS
3,690
SQFT
756 Ponce De Leon Terrace NE
Atlanta, GA 30306
Virginia Highlands Subdivision
$3,800,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
6,278
SQFT
230 Peachtree Circle NE
Atlanta, GA 30309
Ansley Park Subdivision
New Listing - 2 weeks online
$1,795,000
Single Family Home For Sale
Active
5
BED
7
TOTAL BATHS
4,794
SQFT
876 Barnett Street NE
Atlanta, GA 30306
Virginia Highlands Subdivision
$1,700,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,500
SQFT
1333 Berwick Avenue NE
Atlanta, GA 30306
Morningside Subdivision
$1,895,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
4,728
SQFT
941 Virginia Avenue NE
Atlanta, GA 30306
Virginia Highlands Subdivision
$1,699,900
Single Family Home For Sale
Active
6
BED
7
TOTAL BATHS
4,550
SQFT
931 Courtenay Drive NE
Atlanta, GA 30306
Morningside Subdivision
$895,000
Single Family Home For Sale
Active
4
BED
6
TOTAL BATHS
3,600
SQFT
482 Parkway Drive NE
Atlanta, GA 30308
Old Fourth Ward Subdivision
New Listing - 3 weeks online
$1,849,000
Single Family Home For Sale
Pending
5
BED
6
TOTAL BATHS
4,405
SQFT
1429 Wessyngton Road NE
Atlanta, GA 30306
Morningside Subdivision
$2,120,000
Single Family Home For Sale
Pending
6
BED
5
TOTAL BATHS
5,152
SQFT
1433 Wessyngton Road NE
Atlanta, GA 30306
Morningside Subdivision
$1,710,300
Single Family Home For Sale
Active
4
BED
5
TOTAL BATHS
7 Brattle Drive NE
Atlanta, GA 30324
Morningside Subdivision
$1,835,600
Single Family Home For Sale
Active
4
BED
5
TOTAL BATHS
9 Brattle Drive NE
Atlanta, GA 30324
Morningside Subdivision
$1,760,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
8 Brattle Drive NE
Atlanta, GA 30324
Morningside Subdivision
$2,350,000
Single Family Home For Sale
Active
6
BED
6
TOTAL BATHS
6,592
SQFT
1742 Pine Ridge Drive NE
Atlanta, GA 30324
Morningside Subdivision
New Listing - 2 weeks online
$1,975,000
Single Family Home For Sale
Active
6
BED
7
TOTAL BATHS
10,000
SQFT
1871 Windemere Drive NE
Atlanta, GA 30324
MORNINGSIDE Subdivision
New Listing - a week online
$1,975,000
Single Family Home For Sale
Active
6
BED
7
TOTAL BATHS
10,000
SQFT
1875 Windemere Drive NE
Atlanta, GA 30324
Morningside Subdivision
$1,289,999
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
4,500
SQFT
1254 Stillwood Drive NE
Atlanta, GA 30306
Virginia Highlands Subdivision
$1,350,000
Single Family Home For Sale
Active
4
BED
5
TOTAL BATHS
2,931
SQFT
1261 Virginia Avenue NE
Atlanta, GA 30306
Ardyn Subdivision
New Listing - 2 weeks online
$1,699,000
Single Family Home For Sale
Active
6
BED
6
TOTAL BATHS
5,129
SQFT
1231 Reeder Circle NE
Atlanta, GA 30306
Morningside Subdivision
New Listing - 3 weeks online
$749,900
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,033
SQFT
171 Randolph Street NE
Atlanta, GA 30312
Old Fourth Ward Subdivision
$2,495,000
Single Family Home For Sale
Active
6
BED
7
TOTAL BATHS
5,800
SQFT
1731 Wildwood Road NE
Atlanta, GA 30306
Morningside Subdivision
New Listing - 4 days online
$1,299,900
Single Family Home For Sale
Active
6
BED
5
TOTAL BATHS
3,268
SQFT
1054 Euclid Avenue NE
Atlanta, GA 30307
Inman Park Subdivision
New Listing - 4 weeks online
$539,900
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,590
SQFT
19 Daniel Street SE
Atlanta, GA 30312
Old Fourth Ward Subdivision
$1,235,000
Single Family Home For Sale
Pending
6
BED
5
TOTAL BATHS
3,146
SQFT
216 Haralson Lane NE
Atlanta, GA 30307
Inman Park Subdivision
$875,000
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,440
SQFT
54 Boulevard SE
Atlanta, GA 30312
Old Fourth Ward Subdivision
New Listing - 4 days online
$1,377,000
Single Family Home For Sale
Active
6
BED
5
TOTAL BATHS
4,500
SQFT
1377 Briarcliff Road NE
Atlanta, GA 30306
Druid Hills Subdivision
New Listing - 2 weeks online
$1,495,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,534
SQFT
2048 Fairhaven Circle NE
Atlanta, GA 30305
Peachtree Hills Subdivision
New Listing - 2 weeks online
$1,895,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
5,844
SQFT
1783 Noble Drive NE
Atlanta, GA 30306
Morningside Subdivision
New Listing - 3 weeks online
$875,000
Single Family Home For Sale
Active
4
BED
5
TOTAL BATHS
2,800
SQFT
294 Ferguson Street
Atlanta, GA 30307
Candler Park Subdivision
New Listing - 3 weeks online
$925,000
Single Family Home For Sale
Active
4
BED
5
TOTAL BATHS
2,800
SQFT
292 Ferguson Street
Atlanta, GA 30307
Candler Park Subdivision
New Listing - 6 days online
$875,000
Single Family Home For Sale
Active Under Contract
5
BED
5
TOTAL BATHS
3,603
SQFT
1104 Palafox Drive NE
Atlanta, GA 30324
Woodland Hills Subdivision
$850,000
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,592
SQFT
174 Pearl Street SE
Atlanta, GA 30316
Reynoldstown Subdivision
$669,900
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,205
SQFT
1322 Boyd Avenue
Atlanta, GA 30318
Westtown Subdivision
New Listing - 4 days online
$850,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
834 Harold Avenue SE
Atlanta, GA 30316
Reynoldstown Subdivision
$699,900
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,608
SQFT
1316 Boyd Avenue
Atlanta, GA 30318
Westtown Subdivision
$669,900
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,205
SQFT
1310 Boyd Avenue
Atlanta, GA 30318
Westtown Subdivision
$699,900
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,608
SQFT
1318 Boyd Avenue
Atlanta, GA 30318
Westtown Subdivision
$748,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,467
SQFT
1136 Boulevard Drive NE
Atlanta, GA 30317
Reynoldstown Subdivision
New Listing - 3 weeks online
$592,990
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,032
SQFT
513 Broadview Place NE
Atlanta, GA 30324
Broadview Place Subdivision
New Listing - 3 weeks online
$639,900
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,539
SQFT
509 Broadview Place NE
Atlanta, GA 30324
Broadview Place Subdivision
New Listing - 3 weeks online
$573,900
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,032
SQFT
507 Broadview Place NE
Atlanta, GA 30324
Broadview Place Subdivision
New Listing - a week online
$560,000
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,083
SQFT
1223 Hardee Street
Atlanta, GA 30307
Oxley Edgewood Subdivision
New Listing - 3 weeks online
$611,900
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,502
SQFT
516 Broadview Lane NE
Atlanta, GA 30324
Broadview Place Subdivision
Price Change - 4 weeks ago
$875,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,200
SQFT
1356 Woodland Hills Drive NE
Atlanta, GA 30324
Woodland Hills Subdivision
$618,100
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,914
SQFT
614 Broadview Terrace NE
Atlanta, GA 30324
Broadview Place Subdivision
New Listing - 3 weeks online
$654,900
Single Family Home For Sale
Pending
4
BED
5
TOTAL BATHS
2,685
SQFT
625 Broadview Terrace NE
Atlanta, GA 30324
Broadview Place Subdivision
New Listing - 3 weeks online
$589,900
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,048
SQFT
621 Broadview Terrace NE
Atlanta, GA 30324
Broadview Place Subdivision
Price Change - 4 days ago
$735,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,720
SQFT
1214 Hosea L. Williams Drive
Atlanta, GA 30317
Edgewood Subdivision
Price Change - 3 weeks ago
$629,900
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,505
SQFT
579 Broadview Place NE
Atlanta, GA 30324
Broadview Place Subdivision
New Listing - 3 weeks online
$564,900
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,048
SQFT
603 Broadview Terrace NE
Atlanta, GA 30324
Broadview Place Subdivision
New Listing - 3 weeks online
$572,900
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,074
SQFT
576 Broadview Place NE
Atlanta, GA 30324
Broadview Place Subdivision
$615,326
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,053
SQFT
627 Broadview Terrace NE
Atlanta, GA 30324
Broadview Place Subdivision
New Listing - 2 weeks online
$569,900
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,850
SQFT
578 Broadview Place NE
Atlanta, GA 30324
Broadview Place Terrace Subdivision
New Listing - 3 weeks online
$574,900
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,016
SQFT
580 Broadview Place NE
Atlanta, GA 30324
Broadview Place Subdivision
$825,000
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
3,103
SQFT
1053 Briar Vista Terrace NE
Atlanta, GA 30324
Woodland Hills Subdivision
New Listing - 7 hours online
$1,325,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
5,486
SQFT
1107 Country Lane NE
Atlanta, GA 30324
Woodland Hills Subdivision
Price Change - 2 weeks ago
$709,441
Single Family Home For Sale
Active
4
BED
6
TOTAL BATHS
3,342
SQFT
916 Luther Street NW
Atlanta, GA 30318
Westtown Subdivision
Price Change - 2 weeks ago
$720,289
Single Family Home For Sale
Active
4
BED
6
TOTAL BATHS
3,342
SQFT
912 Luther Street NW
Atlanta, GA 30318
Westtown Subdivision
Price Change - 2 weeks ago
$724,954
Single Family Home For Sale
Active
4
BED
6
TOTAL BATHS
3,342
SQFT
911 King Street NW
Atlanta, GA 30318
Westtown Subdivision

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