Every real estate transaction is different depending on the financing involved and the sales contract. Below is a list of some of the steps involved.
Home inspection.
While a professional home inspection is not part of every sale, buyers may request an inspection. A home inspection can serve to protect both the buyer and seller in the sale of a property. It is often easier to handle issues before the sale than to try to deal with them after the move is over.
Different than a home inspection, an appraisal is usually done as part of the buyers loan process. An appraisal is done to assure the lender that the value of the property is within the parameters of the loan.
The transfer of the property happens at the closing. Sellers usually close first with the buyers closing afterwards. The closer will provide you with documents showing the distribution of funds, title tranfer and any other documents required in the sale of the property. Once the buyers have completed their part of the closing the funds are distrbuted.
