Days 1-10
Buyer works with a selling agent to identify a property to purchase.
Buyer submits an offer to purchase the property.
Buyer reviews seller’s Disclosure Statement and Lead-Based Paint Addendum.
Days 10-30
Key professionals such as surveyors, inspectors, appraisers etc. are identified and engaged to assist the buyer with the transaction.
Selling agent requests Sun Title to begin the title search and prepare the title insurance commitment.
Buyer starts the inspection process and makes the final determination to purchase the property.
Following inspections, the buyer may ask the seller to make repairs or seller may give the buyer a repair allowance to be credited back to the buyer at closing.
Seller responds to items requested by buyer or required in Purchase Agreement. (Survey, Title, etc.)
If buyer is obtaining financing, the lender should be selected and fully engaged in underwriting process.
Days 30-Closing
The buyer’s timeframe for inspections has passed and both parties are working to coordinate the closing date and time.
The buyer's lender should have all information required to finalize the loan and provide the funds on the date of closing.
The closing date and time are set by the seller, buyer and lender. Sun Title coordinates details.
Seller and Buyer prepare to move.
The closing documents are prepared by Sun Title and sent to the parties in advance of the closing date.
Buyer receives final numbers and securely sends funds to Sun Title prior to closing.
The seller and buyer attend the closing, title and possession transfers, and funds are paid to the respective parties.
Sun Title processes all payoffs and sends the original documents to County Register of Deeds for recording.
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