Preliminary steps

1. Hold an intro session with Simply Do It – FREE, 30-45 mins
2. Sign Simply Do It’s program engagements docs
3. Hold a kickoff session – approx. 45-30 mins

Purchase Process

1. Review relevant properties
2. Submit an offer
   1. Negotiated/agree on terms
3. Get under contract – CRITICAL MILESTONE
   1. Start due-diligence period (typically 10 days)
   2. Agent to order an inspection 
   3. Agent to open transaction’s title and an escrow account
      1. Buyer to send earnest money to escrow – typically w/in 2-3 days
   4. Buyer to make lender has fully signed purchase agreement
      1. Lender to order an appraisal 
   5. The property manager (PM) gets a notification of property under contract + buyer’s name + address
   6. Agent to conduct an initial property walkthrough 
   7. Inspection takes place
      1. Post-inspection re-negotiation (if required)
   8. If possible – the property manager to walk the property as well
   9. If all ok w/ the inspection and post-inspection items proceed w/ transaction 
   10. The appraisal takes place (typically +/- 5 days before closing)
   11. Buyer to sign PM agreement 
4. Purchase-Closing of property
   1. PM to take keys 
   2. PM to start work on the make-ready of the property 
   3. PM to advertise property for lease
   4. Show property to prospects
   5. Receive application/s and run credit and background checks
   6. Sign lease w/ qualified renter
   7. Renter moves in