Move a condo sale from offer to closing by comparing net proceeds and conditions, assigning each deadline and confirming the practical handover. Association review, inspections, appraisal and financing can progress on different schedules. Signing and possession also need separate instructions.
Key takeaways
- Compare credits and contingencies alongside the offer price.
- Assign a person to each document request and deadline.
- Confirm possession, moving access and funds release separately.
In this guide
- Compare the offer’s usable proceeds and conditions
- Keep the association review on its own calendar
- Resolve inspection concerns at the component level
- Separate appraisal value from project eligibility
- Reconcile closing money and the physical move
- Agree who coordinates each closing step with Richard McDonough
Compare the offer’s usable proceeds and conditions
Put the price, requested credit, included items and proposed timing into one comparison. Then calculate the seller's proceeds using the same cost categories for each offer. The offer-comparison guide provides a worked method.
A high price can come with a financing or home-sale condition that affects your next move. Ask what evidence is available, what must happen next and when an unresolved condition permits a party to act. Write the dates from the proposed agreement rather than relying on a standard calendar.
| Offer feature | Seller question | Follow-up |
|---|---|---|
| Seller credit | How much does it reduce proceeds? | Recalculate the net estimate |
| Financing | What loan and project reviews remain? | Ask for the lender’s outstanding requirements |
| Inspection | What review and response dates apply? | Record the contractual deadlines |
| Possession | When must the unit be available? | Coordinate the move and building access |
| Association information | Has the required packet been delivered? | Confirm completeness and the delivery record |
Keep the association review on its own calendar
The buyer's resale-information rights under Minnesota Statutes 515B.4-108 depend on the applicable delivery circumstances. Ask the transaction adviser to confirm the dates. Inspection completion does not by itself establish that the document review is finished.
The resale paperwork hub explains how to assemble the packet. Use a shared deadline log containing the task, responsible person, date and evidence that it is complete. If a request is waiting on the association, record when it was sent and who can follow up.
Resolve inspection concerns at the component level
If water appears around a window, identify the affected component and likely cause before agreeing to a repair or credit. A seller may control interior finishes while the association controls part of the exterior assembly. Check the documents and obtain the appropriate technical advice.
The inspection negotiation guide separates repair scope, responsibility and financial allocation. A credit can settle a negotiation while leaving the underlying work to be arranged. State what the agreement requires and which records must be delivered.
For work completed before closing, retain the scope, approval, invoice and any agreed inspection evidence. A verbal report that “the contractor was there” leaves the buyer without a way to check what was finished.
Separate appraisal value from project eligibility
An appraisal addresses valuation, while the lender may also need association insurance, budget and project information. The appraisal guide explains how to submit supported factual corrections through the lender's process. The financing guide tracks the separate project questions.
If an appraisal falls below the contract price, ask the lender how the loan calculation changes before assuming the buyer needs cash equal to the entire difference. Then compare the actual options with the buyer’s available funds and the contract. Avoid promising an outcome before the lender responds.
Reconcile closing money and the physical move
Ask the closing company for a current seller statement. Match the sale price and credits to the agreement, check payoff validity dates and resolve the treatment of association charges. Confirm how funds will be released and when they are expected to be available if another purchase depends on them.
The closing and handover checklist includes keys, building fobs, remotes and storage access. Ask the manager about moving reservations and device reassignment. Separately verify the City's parking guidance if a moving vehicle needs public-space access.
Use a trusted, independently established phone number to confirm changed payment instructions. At the final walkthrough, record any agreed unfinished item and who will resolve it. Transfer access according to the written possession terms.
Agree who coordinates each closing step with Richard McDonough
Use Richard McDonough's documented condo listing experience as a starting point for discussing the service you need. Ask who tracks the transaction dates, who contacts the association and how an urgent lender or title request reaches you.
If you will be away, read the remote-sale guide before arranging travel. The closing company needs enough time to confirm your signing method, and someone local needs responsibility for the final unit check and key handover.
Reviewed September 18, 2026. Sources and editorial approach.
