Summary: Once you have a deal under contract, you need to find a buyer and get to the closing table. This guide covers marketing the property, managing interested buyers, and the final "Clear to Close" verification.
1. Marketing the Deal
REI BlackBook has built-in tools to help you dispose of the property once it is secure.
- Property Assets: Inside the deal record, you can generate Single Property Websites and Property Flyers with a few clicks using the data and photos already in the system.
- Emailing Buyers: You can create the marketing assets you need to for your buyers list right inside of the deal record.
- Interested Buyers Tab: As buyers fill out forms on your property website, they appear in the Interested Buyers section of the deal. This lets you see exactly who is looking at this specific property.
2. Clear to Close: Final Verification
Before the big day, you need to ensure all lights are green. The Clear to Close stage is your final checklist.
- Document Approval: Verify that the HUD Settlement Statement is approved and all final closing documents are uploaded.
- Funding: Confirm that Funding is Approved and there are no outstanding title issues.
- Final Numbers: Input the final Cash to Close amount and confirm the Closing Date and Time.
3. Closing the Deal
Congratulations! Once the transaction is complete:
- Update the status to Closed.
- This updates your active "Rental" or "Wholesale" pipeline, marking it as a completed success while keeping all the data for your records.