When working with a seller, there are several key dates and timelines to track and inform your client about in the As-Is offer:

1. Deposit Date:
   This is when the buyer is required to submit their earnest money deposit, typically within 1–3 days after the offer is accepted. It’s important to confirm that the buyer has met this deadline, as the deposit shows the buyer’s commitment to the deal.
2. Due Diligence Date:
   This is the last day for the buyer to conduct inspections and request repairs, or back out of the deal without forfeiting the deposit. Sellers need to be aware of this date because once it’s passed, the buyer is typically bound to proceed with the transaction. Sellers should be informed about the buyer’s inspection timeline. Inspections usually take place within the due diligence period, and sellers should be ready for possible requests for repairs or concessions based on inspection results.
3. Mortgage Loan Approval Date:
   If the buyer is financing the purchase, the seller should be aware of the date by which the buyer needs to secure mortgage loan approval. The date is usually 30 to 45 days after offer acceptance, but sellers should monitor this to ensure there are no issues with the buyer’s financing.
4. Contingency Removal Date:
   If the offer includes contingencies (e.g., financing, inspection, appraisal), the seller should know when these contingencies are due to be removed. Once removed, the buyer can no longer back out for those reasons. It’s important for the seller to track this as it signals a stronger commitment from the buyer.
5. Closing Date:
   This is the target date when the transaction is expected to close, and the property will officially transfer from the seller to the buyer. Closing typically happens 30 to 45 days after the offer is accepted but can vary. Sellers need to be prepared for the closing process, including coordinating with their attorney, ensuring the property is in good condition, and preparing for the handover.
6. Seller’s Obligations Deadline:
   Sellers may have obligations to provide certain documents, disclosures, or perform tasks before closing. These include the title report, HOA documents (if applicable), and any necessary repairs as agreed upon. These obligations should be completed well before the closing date.
7. Title and Lien Review Period:
   If there are any potential title issues, liens, or other legal matters that need to be cleared up before closing, the seller should be aware of any deadlines for addressing them. This is usually addressed a few weeks before closing.
8. Walkthrough Date:
   The buyer will likely schedule a final walkthrough of the property before closing. Sellers should know when this will occur and ensure the property is in the condition agreed upon in the contract. This typically takes place 1–3 days before the closing date.
9. Payoff Statement Date:
   If the seller has a mortgage on the property, they need to request a payoff statement from their lender. This will specify how much is owed on the mortgage, and it’s typically needed 2–3 weeks before closing to ensure that the seller’s lender will release the title.

By keeping track of these important dates, you can ensure that the seller is properly prepared and that the transaction proceeds smoothly to closing.