SBT – Seller’s Checklist

The Southbridge Towers Selling Process

A step-by-step checklist to selling your apartment. What to expect when you decide to sell your SBT apartment.

SELLER’S CHECKLIST –

›  Interview Real Estate Agents
Meet with and interview several real estate professionals.

›  Sign Exclusive Contract
The listing contract allows your real estate agent to begin working for you.

›  Prepare Apartment for Showings
We will consult with you to determine if the apartment would benefit from; painting, cleaning, staging and minor repairs if needed.

›  Launch Marketing Campaign
Marketing your property in the broker database, directly to the public, and to our SBT qualified buyer list.

›  Schedule Open Houses & Showings
We will schedule and manage all open houses and private showings.

›  Manage Offers & Negotiations
Collect and present all offers to owner(s), provide recommendations, submit and negotiate all counter offers until accepted.

›  Prepare Deal Sheet for Attorney
Prepare deal sheet, financial statement and pre-approval letter for sellers attorney to prepare contracts to send to buyers attorney.

›  Assist Buyer with Coop Board Package
Our SBT coop board specialist will sit with Buyer(s) to ensure the coop board package is 100% complete and accurate.

›  Obtain Commitment Letter From Lender
If Buyer is financing purchase, a final commitment letter from the lender is required when submitting the board package.

›  Submit Completed Board Package
Submit completed board package with commitment letter to the SBT management office for board review.

›  Board Interview & Approval
Buyer(s) will be contacted by SBT management to schedule a 15 minute board interview prior to the next monthly board meeting.

›  Attend Closing
Attend closing at SBT attorney’s office. Collect funds associated with final sale of cooperative apartment.

CLOSING TIMELINE