#5 RECEIVING AN OFFER
Once a buyer decides they would like to buy your house, an offer will be presented. Review the written document taking care to note what needs to be done by both parties to execute the transaction. The contract should protect the best interests of all parties involved and should be comprehensive in nature. Once you accept the contract, it may be too late to make any changes. The contract, though not limited to this list, should include the following:
A legal description of the property
The offering price
The down payment
Financing arrangements
A list of fees and who will pay them
Amount of the deposit
Inspection rights and possible repair allowances
The method of conveying the title and who will handle the closing
A list of appliances and furnishings which will stay with the home
The settlement date
Any relevant contingencies Remember that the legalities of this phase are very important. If you have any questions or concerns, they need to be addressed right away.
Your agent can save you time and money by making sure that the offer is presented to you by a qualified buyer. There is no reason to review an offer if the person(s) making it will not be able to actually buy your home. Your agent will also be available to review the written offer to make sure that it is written in a proper way and covers the necessary areas.
10 Steps to Selling Your House
1- Needs Analysis
2- Pricing Strategy
3- Property Preparation
4- Marketing Strategy
5- Receiving an Offer
6- Negotiating to Sell
7- Sell
8- Pre-close Preparation
9- Closing
10- Post-Closing