Best Practices from Listing to Closing
A product originally created in 2013 by members of the Central Mississippi REALTORS® and the Mississippi Mortgage Bankers Association. The Best Practices Working Group is made up of REALTORS®, lenders, home inspectors, and closing attorneys. The Best Practices are updated frequently as business issues arise and change.
The Listing Appointment
Fact Finding at the Listing Appointment
POAs/HOAs
Showing Property
Safety When Showing Property
Loan Qualification
Pre-Qualified vs Pre-Approved
The Contract
Lump Sum Closing Costs
Personal Property
Possession of the Property
Contract Execution
Transmitting the Contract
16th Section and Pearl River Valley Water Supply District Property Land
Timelines After Contract is Executed
Inspections
The Home Inspection Process
Communicating with the Appraiser
Termite & Pest Inspections
Utility Permit Inspections
Wastewater System Inspections
Underwriting/Loan Approval
Underwriting and Lender Documentation
Closing
Who Selects the Closing Attorney
Closing Communication Forms
Avoiding Wire Fraud