I’m in Contract . . . Now what do I do?

I’m in Contract . . . Now what do I do?

It’s certainly a wonderful feeling to have a ratified Offer. You are now in contract!

Here is what the BA [Buyer’s Agent] needs to do immediately.

1. Call the Title Company and open Escrow (if not already open).
   1. Title Officer will “open” escrow and give you an Escrow #.
      
      1. Need names of Sellers with contact information.
      2. Need names of Buyers with contact information.
      3. Need name of cooperating Broker & Agent with contact information.
      4. Need name of Lender with contact information.
      5. Need name of HOA [if applicable] and contact information.
2. Email a copy of the fully ratified contract [including any counter offers and addenda]:
   1. To the Title Officer.
   2. To the Lender.
3. Set up transaction in Command [or have TC set up for you].
   1. Upload completed documents to Command and submit to MC for Broker Review within 1 days. [if using TC, TC will do this for you].
4. If using a TC [Transaction Coordinator]:
   1. Send all completed documents [PDF] to TC.
   2. TC will upload completed documents to the Command Checklist for Broker Review within 1 days.
   3. Tell your TC who you have sent copies of contract documents to.
   4. TC will send Letter of Introduction & Timeline to you and the cooperating agent.
5. Meet with Buyer to go over the BIE [Buyer Inspection Elections].
6. Call appropriate Inspection Companies to arrange inspection dates & times.
7. Call the LA [Listing Agent].
   1. Give LA all of the Escrow & Title Information with Escrow#.
   2. Set up inspection appointments [time & date] with the LA.

There is a lot more you will have to do, but these are the most immediate things to take care of.