New Buyer Agent Offer Check-in Process

“ DON’T LET A GOOD DEAL DIE ON YOUR WATCH” 

To be used for new agents to make sure we are covering bases before, during and after the offer process. 

**Pics of home ONLY if necessary to determine offer value and for-see any issues prior to inspection if offer is accepted. If you think you may put in an offer, take these pics.  If not, don’t waste time. 

• Exterior 

  • Siding & windows- Lead?- multifamily?- condition?

  • Street view/neighbors

  • Roof- 3-tab, shingles up or missing, wear and tear, moss,

  • Septic, private water or city water/sewer

  • Walkways & Driveway - condition? Pot holes, snow heaves

• Interior

  • Windows inside

  • 1 Pic of kitchen, bath, LR/DR floors- updates or dated?

  • Outlets- grounded or not? Sufficient amount/number of outlets on each wall?

  • Windows- newer or not...wooden/vinyl?

  • Floors uneven, sloping

  • Anything bad that stand out overall?

• FHA/VA/USDA concerns

  • Cracked windows, railings, peeling paint, shingles on roof,

• Basement

  • Condition of floor & walls-peeling/moisture/seepage

  • Crumbling bricks or missing mortar 

  • Knob & tube wiring

  • Electrical panel- circuits or fuses- wires look newer above panel or running on basement ceiling?

  • Boilers or furnaces- last service date? Any newer parts? Does it look neglected? 

  • Oil tanks- leaking or really old?

  • Gas meters

  • Water tanks- is there a year installed written on them?

Check In’s During the Process

Here are some important times you should be checking in with your mentor 

1. Before making offer 

• Your Mentor must review your first 5 offers - Mandatory check in

• You will need to send your first 5 offers to your Mentor to review - if you write and offer with a loan type that has not been reviewed after 5 you will need to send that as well.. It will be up to the mentor to decide if you need further review after 5 

2. During negotiations

3. After accepted offer- next steps...buyer info, attorney, inspector, buyer agent & company license info…. Submit to list agent , CC your TC on that email

4. Schedule inspection immediately if possible

5. ** Inspection Date in P&S**

6. Before giving deposit /signing P&S- see if TC has emailed to buyer

7. Input & steps

8. Before submitting inspection request to list agent - Mandatory check in

9. After appraisal comes back - If the property DOES NOT appraise you MUST reach out to your Mentor to be sure you are aware of the options your client has 

10. Buyer needs insurance binder/utilities

11. ***Mtg. Date in P&S***

12. Touch base about mtg. Commitment letters vs. clear to close ( If you have a commitment letter but there are outstanding conditions - you MUST call your mentor )

13. Closing disclosures and TRID

14. Final Walk Through

15. Post closing checklist & reviews