Joe Sharpe

Award Winning Realtor at RE/Max First

The Real Estate Transaction in 180 Steps

What I Will Do For You

Why Was This List Prepared?

Surveys show that many homeowners and homebuyers are not aware of the true value a REALTOR® provides during the course of a real estate transaction.

The list here is just a baseline since the services may vary within each brokerage and each market.   Many REALTORS® routinely provide a wide variety of additional services that are as varied as the nature of each transaction.

By the same token, some transactions may not require some of these steps to be equally successful.  Most would agree that given the unexpected complications that can arise, it’s far better to know about a step and make an intelligent, informed decision to skip it, than to not know the possibility even existed.

The Critical Role of the REALTOR® – 180 Steps

Listed here are 180  typical actions, research steps, procedures, processes and review stages in a successful residential real estate transaction that are normally provided by full service real estate brokerages in return for their sales commission.  Depending on the transaction, some may take minutes, hours, or even days to complete, while some may not be needed.

They reflect the level of skill, knowledge and attention to detail required in today’s real estate transaction, underscoring the importance of having guidance from someone who fully understands the process – a REALTOR®.

Pre-Listing Activities

Listing Appointment Presentation

Once Property is Under Listing Agreement

Entering Property in Multiple Listing Service Database

Marketing The Listing

The Offer and Contract

possible

133      Fax copies of Offer to Purchase contract to lender

 

Tracking the Loan Process

 

Home Inspection

 

The Appraisal

154      Provide comparable sales used in market pricing to Appraiser

152      Follow-Up On Appraisal

151      Enter completion into transaction management program

Closing Preparations and Duties

172      Research all tax, HOA, utility and other applicable prorations

Follow Up After Closing