Accepting An offer

Escrow Inspections
& Appraisals

ACCEPTING AN OFFER

The Price Is Not Always Right

Don't fall for the misconception that a higher price always means a better offer. The initial offer is often just the starting point, and other terms and conditions can significantly impact the final outcome. Trust our professionals to help you carefully evaluate every proposal to ensure it aligns with your marketing position.

Negotiating The Right Way

We approach the ethical responsibility of negotiating contractual terms with utmost seriousness. Our goal is to reach a win-win agreement that benefits all parties involved. You may encounter multiple offers before deciding on the most suitable one, and as your agents, we'll ensure a thorough and objective assessment of each offer to help you make the right choice.

The Initial Agreement and Deposit

An effective agreement is a legal arrangement between a potential purchaser and the property seller. Laws vary by state, but for an agreement to be legally binding, it typically requires consideration. This consideration, which can include an initial and additional deposit, is held in the closing agent's escrow account until conditions or contingencies in the agreement are fulfilled.

Here are some important tips to streamline the selling process even further:

Keep written records of everything

For clarity, it's highly beneficial to transcribe all verbal agreements, including counter-offers and addendums, into written agreements signed by both parties. We'll assist you in drafting all the necessary paperwork for your sale and ensure you have copies of everything.

Stick to the schedule

Now that you have chosen your offer, you and the buyer will be given a timeline to mark every stage in the process of closing the real estate contract. Meeting the requirements on time ensures a smoother flow of negotiations and also ensures that each party involved is not in breach of their agreements. During the process we will keep you constantly updated so you will always be prepared for the next step.

Costs Related to the Sale
of Your Home

WHAT COSTS ARE RELATED TO THE SALE:

Mortgage Pay Off: Before the closing, you will sign a release for the Title Company or Attorney to get the amount that will be owed at the day of closing. This will allow the Closing Company to prepare the closing documents and they will issue a check out of your proceeds at the closing to pay off your outstanding mortgage.

Lines of credit or Equity lines: As with the mortgage pay off, you will have to authorize the closing company to get this information. If there is any amounts owed, they also will be paid off and any lines of credit closed.

Prepayment Penalty: Often, sellers think that all that is owed is the amount showing on their last statement. This is not always true. A prepayment penalty could be in your mortgage. You may also owe interest depending on the day of the month that you close.

Unpaid Taxes/Liens: This is why title work is important prior to closing to see if there are any liens or unpaid taxes on the title. These items will also have to be paid the day of closing. The closing company cuts these checks out of your proceeds and pays them on your behalf.

Special Assessments: Special assessments are things like water, sewer, road or other local government improvements that were assessed to the property. In most cases they must be paid off, in others, they can be assumed by the buyer. If they are to be paid off, again the closing company will pay these out of your proceeds.