On occasion one of the parties to a real estate transaction finds him/herself wondering "What comes next?" Or it might be "What comes after next?" From the beginning of a transaction to the end there is a certain flow to the process, and I am always looking for ways to make explaining things easier, so, Voila! -- my Buyer's Flow Chart and my Seller's Flow Chart.
Image only, links are above. Downloaded as PDF files.
Of course, I had to combine steps here and there and eliminate some all together, but all-in-all, I think the two charts do a fairly decent job of illustrating the major stages of the process. That is, except for those head-banging, hair-pulling transactions that ran wild because somewhere, somehow somebody fell down on the job, or either the buyer or the seller are just plain trouble. Vacant land listings and sales transactions are by the very nature of the property somewhat different than residential listings and transactions, and commercial and farm real estate transactions are entirely different beasts altogether, but the general idea remains the same.
