Utah Real Estate #17: The Selling Your House Checklist – Part 2




Patrick Wiscombe show

Summary: (http://www.patrickwiscombe.com/images/subscribeinitunes300x38.jpg)(http://www.patrickwiscombe.com/images/patrick4.jpg) In this edition of the Utah Real Estate Podcast (http://patrickwiscombe.com/category/utah-real-estate-podcasts/), we talked about: * Schedule the closing details * Appraisals, property disclosures, financing deadlines, title reports, contingencies * Delivering the executed documents * Confirming the earnest money deposit * Confirming the existence of the bank account(s) * Wear your real estate agent out Press the 'PLAY' button to listen to Utah Real Estate #17: The Selling Your House Checklist - Part 2 --------------------------------------------------------------------------------------------------------------- YOUR CALL TO ACTION If you're looking to buy or sell a house in Utah, please call or text me (Patrick Wiscombe) at (801) 602-5850. --------------------------------------------------------------------------------------------------------------- Cool Voice Guy: Information you need, the podcasts you love, this is the PatrickWiscombe.com podcast network. Cool Voice Guy: It’s real estate news you can use, this is the Utah Real Estate podcast, giving you free expert advice, and tips if you’re looking to buy or sell a house, and now, here are your hosts, Roger Zundel and Patrick Wiscombe Patrick Wiscombe: The Utah Real Estate podcast is brought to you by Weichert Realtors at the Rockies. If you are looking to buy or sell a house in Utah, please call Patrick Wiscombe at area code 801-602-5850. That number again area code 801-602-5850. Patrick Wiscombe: It’s the Utah Real Estate podcast. My name is Patrick Wiscombe. Coming up on today’s edition of the Utah Real Estate podcast we’re going to continue our sellers checklist of things to do when selling your house. Joining me for the podcast, as he does every single week day morning, Greg Hales, the Commercial Real Estate Manager at Weichert Realtors at the Rockies in American Fork. Hello there. Greg Hales: Good morning Patrick, how are you? Patrick Wiscombe: Good, let’s get right into this. Some of the things that people need to do in order to get their house sold; we are developing a checklist of items that people need to do in order to further the sale of their house and one of the things that people absolutely need to do is assist in scheduling all closing details. Now, what are the closing details and what kinds of things need to be scheduled? Greg Hales: As you sell your property, there is really a checklist as you go through them. You’ll have certain contingencies or things that have to occur before your house can close. Some of those would include an appraisal, property disclosure, financing deadlines, title report. Those are sort of the details that continue to keep your contract in place or not. If I could just take a minute, a word that a lot of people may be familiar with or not familiar with, or as they say, this is contingent upon. As you see that word or if it’s contingent upon those things, that becomes a checklist item for you and your realtor to take care of and that would include home inspections, appraisals, financing contingencies. These are the things that your realtor really has to stay on top of so the contract stays in full force in effect. Patrick Wiscombe: And if those things aren’t done, you could have a breach of contract correct? Greg Hales: You could. You could have a seller’s breach of contract which most guys really don’t think about, or you could have a buyer’s breach of contract. Either one of those could trigger a breach of contract, so essentially you’re really not selling your home because it’s not under contract. Patrick Wiscombe: Alright, and that’s obviously no place that anyone wants to be. Now, we also talk about delivering the executed documents to the party that’s involved. Why is that? Greg Hales: Well,