Checklist for Seller’s Real Estate Agent
Signed Purchase Agreement or Sales Contract
Both the sellers and the buyers will need to sign and date this document. If changes are made to the original contract, Addendums must be added, signed and then dated by the sellers and buyers as well.
The agent submits a listing agreement that is dated and signed, stating both the start and end dates of the home’s listing. The commission amount should be noted in the listing agreement as well.
Bank Sales Addendums
The seller’s lender provides these documents and all parties involved in the short sale must sign and date them.
Decline of Value
This form explains the reasons that the shortsale property has declined in value. It should include as much detail as possible to help increase the chance that the short sale purchase is approved.
Seller Net Sheet or HUD-1 Sheet
This form is dated and signed by the seller’s agent.
Copy of List as it Appears in Local MLS
The lender requires a copy of the listing, exactly as it most recently has appeared in local MLS listings.