I've Signed the P&S, Now What?

For home sellers, the time between signing the Purchase & Sale Agreement and actually getting a check can feel like a black hole. What’s happening and what should you be doing during this time to prepare for a successful transaction?  

There are a lot of moving parts in any home sale, especially if the buyer is getting a mortgage. A lot of the work falls on the buyer but there is a lot that you can do as the seller to keep things moving smoothly and to avoid unpleasant, last-minute surprises.

•  Appraisal – the lender will be sending an appraiser to the home to evaluate its value. Make sure your agent has prepared a packet to help the appraiser support the agreed price in his or her report.
• Fire inspection – most states require that smoke and CO2 detectors be inspected prior to the closing. There is often a long lead time on this so schedule the smoke inspection as soon as you have an agreed offer.

There's lots more, read the complete article here.