Here’s what my job as the closing manager at LAER Realty entails.
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My name is Pemala Sherpa, and I’m the closing manager at LAER Realty Partners. My job is to make sure that your real estate transaction goes from the offer stage to the closing stage in a smooth, stress-free manner. So what exactly does that entail? To explain, let’s go through what a real estate transaction looks like after an offer has been signed.
The first step after the offer is signed is to schedule a home inspection, which is done by the buyer and their home inspector. The inspector’s job is to uncover any issues with the property. Usually, there are issues with the home because most of them aren’t brand-new. Whatever issues are uncovered, we help clients navigate them.
The next step is to sign the purchase and sale agreement, which is prepared by your real estate attorney. The language of the agreement is there to protect your interests. After the purchase and sale agreement is signed, a copy is submitted to your lender, and we also make sure that your application is done and that you’ve ordered your appraisal. The appraisal is done by your lender to ensure that the property is worth what you’re paying; the lender never wants you to pay more for a home than it’s worth.
Whatever issues are uncovered, we help clients navigate them.
When the appraisal comes back correctly, the next step is for the lender to review all of your financial documents. If those documents are approved, the lender will then issue a commitment letter, which will allow you to have the funds for the house at the closing. Finally, once the commitment letter comes through, then we can go to the closing table where we’ll help make sure that whatever needs to be done for the closing is completed in a timely manner.
If you have any questions about my role or how to navigate a real estate transaction, don’t hesitate to reach out to us. We’d love to help you.
If you have any questions about my role or how to navigate a real estate transaction, don’t hesitate to reach out to us. We’d love to help you.
