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Please contact us for the following FREE services.
The Leisure World Sales Process is very different from a traditional real estate sale and expertise is valuable
Sign Listing Agreement and Notice of Intent with agent and give agent all documentation and a spare key for the unit
Notice of Intent is submitted to Leisure World (approval takes about 7-10 business days)
If the property is in a trust, then a trust review will need to be done prior to submitting the Notice of Intent. Trust Review can take as little as 24hours or sometimes up to 2 weeks depending on legal review timelines and proper paperwork provided by you. Once we have trust review then the Notice of Intent will be submitted
Once we receive approval of the Notice of Intent, escrow will order the Pre-Listing Inspection Report.
Upon receipt of the Pre-Listing Inspection Report, the property can be listed in the MLS, a For Sale Sign can be put up on the property and it can be advertised in the Newspaper along with all other marketing tactics. (No marketing is allowed to be done prior to receipt of the Pre-Listing Inspection Report)
When an offer is accepted, buyer will be required to provide all financial documents to escrow within 3 business days after acceptance of offer to begin the financial qualification process. This process takes 10-15 business days
Once we have financial approval, escrow will send out escrow packages directly to Seller(s)/buyer(s) to complete and return. It is important that the packages are returned immediately
Once Escrow packages are completed and returned to escrow, escrow will set up a New Buyer Orientation for the buyer(s) to come and meet with the Mutual Director and Physical Properties. It is at this time that we are given a specified closing date
Once the orientation has been completed, Leisure World will order all work that was called out on the Pre-Listing Inspection Report to be done (unless seller(s) have made prior plans with Leisure World directly to do the repairs. IF SELLER IS DOING REPAIRS, THEY WILL NEED TO NOTIFY PHYSICAL PROPERTIES IN WRITING THAT THEY PLAN TO DO THE REPAIRS PRIOR TO THE NEW BUYER ORIENTATION and within 10 days PRIOR to closing date, all receipts and proof of work being done must be submitted to Physical Properties. It is the seller’s responsibility to make these arrangements directly with Physical Properties
CLOSING DAY: Once buyer’s funds have been received into escrow (about 2-3 days prior to closing date), Leisure World will issue the Demand to Close and Escrow will set up a “check-in” appointment for the buyer(s). All buyers must come for the closing to pick up keys and get IDs issued