What can I do when logged in?

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

The following article was published in our article directory on March 7, 2014.
Learn more about SpinDistribute Article Distribution System.

Part VI: Everything You Should Know to Sell Your Home by Owner

Article Category: Real Estate

Author Name: Jay Hunter

The offer has been accepted, the purchase arrangement signed and we have a contract.
What do we do now?
Hopefully together with the offer to purchase you had the purchaser indication an Authorization that permits you to speak with the purchasers providing organization. This is important. You have to understand what the buyer is doing or not doing to move his loan application along.
As discussed in an earlier post, there are 2 parts to every loan approval. One is the buyer needs to be authorized and get the loan about credit, job history and debt to earnings ratio. And second your house or property has to be approved regarding value and clear title.
The bank will examine the purchaser's credit, employment History, Income and expenditures to identify if they can manage our home payments, taxes and Insurance which they are in the routine of paying their credit commitments in a timely matter.
A Pre-Approval letter implies that they will be approved, however that approval is just final after the bank validates exactly what the purchaser told them on their application. Until there is a contract to purchase the bank will not confirm what the purchaser has told them.
Lots of loaning institutions use the 25/35 % rule occasionally as high as 30/40 %, meaning that 25 to 30 % of gross month-to-month income can be made use of for Home payments, taxes and insurance, supplied that the purchasers total long term financial obligation does not go beyond 35 to 40 % of gross month-to-month earnings, including house payments, taxes and insurance.
The Buyer obviously must have been pre-approved and offered a pre-approval letter from the bank at the time they made the offer and prior to you take your residence off the market. Do not confuse the pre-approval letter as actual approval due to the fact that the bank has actually not done their underwriting, as discussed above.
Now you wait the 30 to 45 days for the bank to issue the last approval, set the closing date and the purchaser has removed all of the contingencies consisting of the funding contingency.
Throughout this waiting period you can do little other than pack things you do not make use of often, make your home offered for the inspector, testers and appraiser and possibility buy your brand-new home.
The buyer is of course liable for their loan application, and your job at this point is to provide the buyers lending institution with a copy of the permission signed by the purchaser permitting them to talk with you concerning their loan application.
Call the bank regularly and ask; has the appraisal / home inspection / testing or exactly what ever been bought and who will be doing it? Is there any thing that the buyer should do speed things along? If the bank states they are waiting for the buyer to bring in work details, tax returns from in 2012 or to clear up an issue on their credit report or whatever, call the purchaser and let them know.
The bank rarely calls as rapidly as I think they should. Do not be surprised if the purchaser states I forgot, or I though my wife/husband brought that in. Somebody needs to say on top of the procedure and see to it the things that need to be done get done.
The Seller has other things to do and we will cover them in our next post.
If you or someone you understand are thinking of selling their Home for Sale by Owners, and wish to try out their own: list for cost-free: http://freerealtyonline.com/

Ideally along with the offer to purchase you had the purchaser indicator an Authorization that allows you to chat to the buyers lending organization. You have to know exactly what the purchaser is doing or not doing to move his loan application along.
One is the purchaser has to be authorized and certify for the loan as to credit, task history and financial obligation to income ratio. Is there any thing that the purchaser needs to do speed things along? If the bank says they are waiting for the buyer to bring in employment info, tax returns from last year or to clear up a concern on their credit report or whatever, call the purchaser and let them understand.

Keywords: homes for sale by owners, home by owner, real estate for sale, list home for sale, free real estate listing site, flat fee mls

Learn more about SpinDistribute Article Distribution System. We also offer one of the Best Article Writing Services out there - give us a try if you need great articles on various topics!

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.