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Selling Your Home:

Step by Step Instructions

Las Vegas Home Agent

 

So You're The Seller-

Step by Step Instructions

 

 

  

  

First, s elect a Realtor®. List your home.  Your realtor will find a buyer for your home. Your Realtor will write, explain, and negotiate the offer with you. Your escrow will open escrow with a title company.  An earnest Img21.pngmoney deposit is needed at this time.  Escrow instructions are drawn by the title company and are designed to say the same things as your purchase agreement. it's just a different way of saying it.  While the purchase agreement is an agreement between a buyer and seller, the escrow instructions give the escrow officer the authority to do the work required to close; i.e., prepare to give clear title, draw the deed and other documents.  There should be nothing in your paperwork that conflicts with anything you have already agreed to do.  You and your Realtor should review the documents in advance. Your title company will provide you and your Realtor with a title preliminary report and CC&R's.

Signing of title documents:  Your appointment should take 30-60 minutes, depending on the complexity of your sale.

 

Secondly, after the close of escrow, you will receive a check from the title company.  Your check will be a title company trust account check, drawn on a local bank.  You can pick up your check yourself, send someone else to pick it up (tell the title company first), your Realtor can deliver it to you, or the title company may be able to mail it to you.  Sometimes the title company can deposit it in your bank account directly.  You can instruct the title company in writing to pay any portion of your proceeds to someone else, usually for a fee.

 

 

End of the Month

If your appointment is scheduled for the last week of the month, your patience will be appreciated.  Title companies are often forced to schedule many appointments at the end of the month.  If any change has to be made, it simply takes longer.  A good Realtor will explain in advance the advantages of not scheduling your closing at the end of the month. Do's and Don'tsDo ask questions about anything of which you are not certain.  Don't ask for advice, your realtor can advise you.  Don't ask the title company to draw legal documents that are not part of the escrow.  Title representatives are not attorneys and cannot draw legal documents and give legal advice; i.e. they cannot draw a declaration of homestead or tell you what form of tenancy to use on the deed.  Title companies do not offer tax advice.

 

This information was taken from Old Republic Title Company

 

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