9333 Telegraph Rd., Suite 100

Taylor, Michigan 48180

313-291-2323 • Fax 313-291-0064

For Sale By Owner

 It is advised that you seek the assistance of a licensed Realtor or Attorney, but if you have decided to Sell or Purchase

as a For Sale by Owner, we are here to assist you.

 

Steps for a successful closing

 

 

Note: Each transaction is different. Therefore, please use the Additional Conditions section, on Page 1 on the Contract to Purchase, to indicate anything of importance or out of the ordinary with regard to your transaction.

 

 

 

 

a. The completed Contract to Purchase and any addendums.

b. A non-refundable deposit of $300.00, must be a cashier's check, which will be applied to the cost of your title premium at closing.

Upon receipt, we will begin your order. Processing takes from 7-10 business days.

 

7. When title is complete, our representative will contact you with any further requirements to clear title and then your closing can be scheduled with a lead time of no less than 3 business days.

 

8. Copies of all real estate closing documents will be emailed to all parties for review prior to closing. At this time, Purchaser may want to secure their homeowner’s insurance. For a New Mortgage, show the Lender as Loss Payee. On a Land Contract, show Land Contract Holder as Additional Insured. On a Cash transaction, we do not require homeowners, but advise Purchaser to obtain a policy.

 

9. At closing, any funds needed for closing should be wired or in the form of Certified Funds payable to Michigan Title Insurance Agency, Inc. All documents will be executed and we will disburse all funds for items such as taxes, payoffs, recordings, proceeds, etc.

 

10. Following a successful closing Seller and Purchaser may need to deliver transfer forms to the City Clerk and will need to contact the Water Department to set up a Final Water Reading.

 

11. Once Final Water Bill is received forward to our Post Closing Department for payment and escrow balance release.

 

If, at any time during the process, you have any questions or concerns please feel free to contact us.

 

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