Steps to Success!

Steps we take towards

your successful home purchase or sale!

Your step by step guide outlining all functions required by your Real Estate team - Charlie Martin & Colleen Madden, your Lender and Title Company for a successful Real Estate Transaction.

We have color-coded the steps in your transaction to indicate what is required of each member of your "team" and in what order they are normally performed

RED - Charlie & Colleen, Realtors

GREEN - Lender

BLUE - Title Company

BLACK - All Team Members

We've numbered these functions for your convenience, however, some of these occur simultaneously.

1. Pre-qualification issued & loan programs discussed
2. Property previewed and selected
3. Offer presented
4. Contract ratified
5. Escrow opened, deposit check deposited, Preliminary title report ordered
6. Loan application taken
7. Inspections ordered
8. City Inspections ordered (may wait to be ordered until contingencies are released to avoid wasting money)
9. Credit report ordered
10. Appraisal ordered
11. Contract reviewed-dates noted
12. Preliminary title report reviewed and forwarded to Lender and Charlie Martin & Colleen Madden
13. Disclosure package provided
14. Preliminary title report reviewed
15. Loan program selected
16. Inspections reviewed and/or contingencies released
17. Loan contingencies released Deposit increased
18. Receipt of increased deposit
19. Final accumulation of documents for loan approval
20. Escrow Officer clears appropriate title report items
21. Escrow provided with verbal instructions and necessary information
22. Package forwarded for underwriting
23. Discussion regarding selection of home/fire insurance agent and client's final payment to escrow account
24. Loan approval
25. Loan documents ordered
26. Loan documents delivered to Escrow
27. Insurance Agent contacted
28. Discussion regarding moving date
29. Charlie & Colleen provide final instructions to Escrow
30. Loan closing conditions reviewed with Escrow
31. Escrow instructions drawn
32. Escrow instructions signed
33. Signed loan documents returned to Lender with Insurance Policy
34. Final walk through scheduled
35. Funding package reviewed
36. Loan funds issued
37. Final funds from Buyer deposited to Escrow
38. Team decides what final actions are required to close
39. Walk-through inspections
40. Documents prepared for recording
41. Cocuments recorded with Court House
42. Escrow Closed, Final accounting, checks written and forwarded, closing statements issued
43. Call from Escrow
44. Keys released to New Owner
45. Celebrate!!!