Contract-to-Close
One of the most common resources for transaction coordination is navigating the contract-to-close process. Data from the National Association of REALTORS® indicated that in 2022, five percent of deals never made it to the closing table and more than fifteen percent were delayed. While these percentages may seem small, they represent lost income for real estate agents that likely resulted from a simple mistake in the paperwork.
Agents shouldn’t have to be meticulously crossing every “T” and dotting every “I!” Let the professionals at Modern Transactions take care of the tedium so you can get back to doing what you love, selling real estate and helping people achieve their dreams.
Our Contract-to-Close services vary depending on whether you are representing the buyer or seller. For each, we offer two levels of support and a combination with pre-listing, pre-buyer, and post-closing marketing offerings.
Closing Your Listing Contract
Our Basic Listing Contract-to-Close Service Will:
Send out contract and introductory emails (to attorney, lender [if applicable], buyer’s agent, and clients)
Create text group
Find out when inspections are scheduled
Upload and submit all outstanding documents
Email buyer repair request to seller and let them know agent will be in touch
Send signed repair addendum to buyer agent
Find out when closing is scheduled
Request receipt of Earnest Money and upload to compliance system (or upload Earnnest receipt)
Request appraiser’s name and square footage from lender or buyer’s agent
Update clients weekly with lender and title updates
Send utility information to buyer agent (if necessary)
Request settlement statement
And more!
POPULAR
Our Top Producer Listing Contract-to-Close Service Will:
Fulfill all tasks associated with the Basic Listing Contract-to-Close Service AND:
Schedule contractors
Request paid invoices from seller(s) and forward to buyer’s agent/attorney (if applicable)
Request and review settlement statement
Close out MLS
Buyer Contracts
Closing Your Buyer Contract
Our Basic Buyer Contract-to-Close Service Will:
Send out contract and intro emails (to attorney, to lender [if applicable], listing agent and clients)
Create text group
Schedule inspections
Assist buyer’s with paying earnest money
Upload and submit all outstanding documents to compliance system
Send signed repair addendum to listing agent with inspection summary and CL-100 attached (if necessary)
Send repair response to clients and let them know agent will be in touch
Send clear CL-100 to lender and attorney (if applicable)
Schedule closing
Request receipt of Earnest Money and upload to compliance system (or upload Earnnest receipt)
Send appraiser’s name and square footage to listing agent (if applicable)
Update clients weekly with lender and title updates
Upload documents to compliance system and submit for review
Add commission information to compliance system (if applicable)
Gather all utility information
Send closing email with utility information
Schedule Final Walk-Through
Request settlement statement
And more!
POPULAR
Our Top Producer Buyer Contract-to-Close Service Will:
Fulfill all tasks associated with the Basic Buyer Contract-to-Close Service AND:
Add all dates to agents’ calendars and send reminders
Remind agent of deadlines
Ensure all paid invoices are received and ask buyer(s) if they want a re-inspection
Review re-inspection report and ask seller(s) to make any outstanding repairs and collect paid invoices
Draw up repair addendum and send for signatures
Request and review the settlement statement