New Buyer Transaction

What do I need to do?

• Create a new Dot Loop for the property

• Upload all documents into the loop

See next column for the documents.

• Submit the file for review once you have the executed/signed PA. (Both the listing folder and the sales folder)

  • How to submit for review

  • Once audited by office staff - status of the loop will be updated (approved or returned to agent)

  • If returned to agent, correct audit items and then send message through Dotloop advising audit items have been completed.

    • How to check audit issues

What docs do I need?

• Agency Relationships

• Buyer Representation Contract

• Brokerage Disclosure

• Compensation Disclosure

• Pre-Approval

  • Have buyer contact Lenders to get best option for pre-approval

  • Have a pre-approval letter prior to showing homes

• Proof of Funds (CASH BUYER ONLY)

  • Need copy of bank statement or financial statement

  • A letter from a banker certifying buyer's funds

• Arbitration Disclosure (Add link)

• LBP Brochure Handout

What docs do I need?

• Purchase Agreement (Single Family, New Construction, Vacant Land)

  • Single Family PA

  • New Construction PA

  • Vacant Land PA

• Arbitration Disclosure

• Property Disclosure ( Seller Disclosure, Seller Alternative Disclosure, Vacant Land Disclosure)

Situational

• Cancellation of Purchase Agreement

• Counteroffer

• Personal Property Agreement

• Addendum to PA: Sale of Buyer's Property Contingency

  • Written Notice of Buyer Contingency Removal

• Addendum to PA: Condo/Townhouse/Coop Interest Community (CIC)

  • Receipt of Common Interest Community Documents (CIC)

• Lead Based Paint (LBP) Pre-1978

  • Lead Based Paint Information Packet

• TISH/POS :Truth in Housing/Time of Sale Inspection

  • This should be on the MLS under the supplements

• Addendum to PA: Subsurface Sewage Treatment System & Well Inspection Contingency

  • Well Disclosure Statement

  • Well Test Results

  • Subsurface Sewage Treatment System Disclosure Statement

  • Subsurface Sewage Compliance Cert Report

  • Location Map

• Addendum to PA: Seller's Purchase/Lease Contingency

• Addendum to PA: Short Sale Contingency

• Addendum to PA: Buyer Purchasing "As-Is"

• Addendum to PA: Seller Holdover "Rent Back"

• Addendum to PA: Buyer's Move in Agreement

• Plat (Lot & Land Only)- It is a diagram that shows how the property is divided within your county, city, or neighborhood

More Buyer Information

• Accepted Offer: Now What to Expect

• Buyer Process

  • Printable Version - Click Here

• Types of Inspections

• Life of a Transaction

• Facilitating Buyer Paperwork

• Buyer Transaction Checklist

• Referral Form