Home Seller's Guide: Steps 6 and 7 - Contract and Closing

Getting the deal from contract to closing is where a real estate agent can provide a lot of value.  Ocean City real estate transactions involve a lot of information, people and steps to manage.  A good agent should have a plan in place to ensure you have a seamless transaction from start to finish and be able to handle any complexity that arises.  Below you will find an overview of the typical steps that are involved in most Ocean City real estate transactions and how we manage them.

Ratified Contract

Our transaction coordinators will distribute the ratified contract and all supporting documentation to all parties involved in the transaction, ensuring that everyone has the information they need to start the process.

Mortgage Process

If the Buyer of your home is financing the purchase we will stay in regular communication with their Ocean City mortgage lender to ensure the mortgage process is moving along as it should.

Property Inspections

We will oversee all property inspections and can assist with coordinating any repairs that need to be made through our contractor connections.

Appraisal

In most transactions a property appraisal will be completed to verify the property’s value.  

HOA Review

If your Ocean City property is part of a homeowners or condo association you will be required to provide the Buyer with a resale package.  We will assist in securing the resale package from the association and distributing the respective documents to each party involved.

Communication

We will keep you up to date as to where things stand at all times and we are always available to respond promptly to any needs that arise from anyone involved with the transaction.

Title and Closing

The title company will perform the title search and prepare all of the necessary documents for the Ocean City property transfer.  We will provide them with all of the information they need and coordinate a settlement time and location that is convenient for you.  Prior to closing we will review the final settlement statement with you and assist with utility transfers.

Should you have any other questions or want to discuss selling your home in Ocean City, MD or the surrounding areas feel free to contact me directly anytime at 443-614-9179 or via email below.

Contact Nicholas