At what point in the sales process should I obtain each of these resale documents?

The resale certificate, sold as the Resale Disclosure Package on HomeWiseDocs.com, should be ordered right before your listing begins, especially if you’re own a condominium for which it is legally required. This way you will have it ready to produce as soon as you get a buyer under contract. The next best time to order it, and when it is most commonly ordered, is once you go under contract. This isn’t ideal because you may be on a deadline as a condition of your sales contract as to when this is due, and depending on the processing time with HomeWiseDocs.com, this may require you to pay more for a rush order. Thus, to avoid spending more than necessary, it is recommended you order this before listing. The standard processing time is 10 days for HomeWiseDocs.com, so the perfect timing is 10 days before you list. This will ensure you have the information ready to produce for a buyer immediately while not being so far in advance that the information begins to become dated.

The trustee letter, also sometimes called a demand letter, should be ordered at the time a closing date is set, all contingencies have been satisfied, and there is no obvious pending impediment to closing. The standard processing time is 10 days, so it should be ordered in enough time for the title company to receive it and have sufficient time to review it and include the information in the closing documents they will prepare. Generally the title agent will order this to ensure they receive the information in the proper amount of time. We do not recommend buyers or sellers order this document themselves unless specifically instructed to do so by their real estate agent or title agent.

The lender questionnaire, also sometimes called a condo questionnaire, should be ordered at the time the buyer is proceeding with the final application for a specific mortgage offer. Generally the lender will order this to ensure they receive the information in the proper amount of time, and any lender-specific forms which must be completed beyond the standard form produced by HomeWiseDocs.com are included. We do not recommend buyers order this document themselves unless specifically instructed to do so by their real estate agent or loan officer.

/ In / By Adam Jenning / Comments Off on At what point in the sales process should I obtain each of these resale documents?