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When An Offer Is Made

Presentation of the Offer:

  • We will notify you immediately by telephone to arrange a meeting as soon as possible.
  • We will present the offer to you, along with a summary of the contract terms, and we will make any revisions at this time.

Options to Consider:

  • Accept the offer exactly as presented and your home is SOLD!
  • Make a counter proposal so the offer is acceptable to you.
  • Reject the offer.

Generally the first offer, especially if it is made within 45 days, is the best one. It is worth serious consideration for the following reasons:

  • It comes from a buyer “looking over his shoulder,” concerned about other buyers.
  • There are additional carrying costs and inconveniences to maintaining your home in top showing condition.

Items to Pay Special Attention to:

  • What is the interest rate It should be close to the prevailing rates.
  • What is the length of time for loan approval
  • Who is paying for the title insurance and escrow fees
  • What are the time frames on all inspections Are there limits of liability on all repair work
  • Who is paying for inspections and/or repairs
  • What is the length of the contract

Delivery of the Contract:

The finalized contract will be delivered to both buyer and seller by their respective real estate agents. All pertinent legal documents can be delivered to your attorney as well.

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