| ACTION | RESPONSIBLE PARTY |
| Create Contract with all Terms and Conditions | Buyer/Seller (Realtors if Applicable) |
| Sign Contract | Buyers and Sellers |
| Order Title Insurance and Deposit Earnest Money | Seller/Title Company |
| Order Home Inspection (Optional) | Buyer |
| Submit Formal Application for Loan; Notify Seller and Title Company | Buyer |
| Order Appraisal | Lender |
| Receive Home Inspection; Notify Seller as Required. | Buyer |
| Title Search Completed | Buyer and Seller |
| Title Insurance Commitment Issued to Lender | Buyer and Seller |
| Appraisal Complete | Title Company |
| Receive Formal Acceptance of Loan | Buyer |
| Notify Seller and Title Company | Buyer |
| Order Survey and Termite Inspection if applicable` | Buyer/Title Company |
| Order Survey and Termite Inspection if applicable | Buyer/Title Company |
| Order Payoff Information | Seller/Title Company |
| Receive Survey and Termite Inspection | Title Company |
| Lender Sends Closing Package to Title Company | Lender/Title Company |
| Final Figures Computed | Lender/Title Company |
| Closing – All are Invited | Buyer/Seller/Closing Agent Buyer’s Realtor/Seller’s Realtor |
Once the Agreement For Sale has been signed, we have found that Buyers and Sellers generally are not familiar with the steps necessary to get to the closing table. After all, it’s not something you do everyday. The outline shown below will give you an idea of the steps that follow the signing of the contract and lead to the closing. Every transaction will be different; they can occur more quickly or can take longer, and might not include everything shown below. But this will give you a good idea of what to expect, when certain steps should be done and who should do them.