Step 5
Receive an offer. When you receive a
written offer from a potential buyer, your real estate agent will first find
out whether or not the individual is prequalified or preapproved to buy your
home. If so, then you and your agent will review the proposed contract, taking
care to understand what is required of both parties to execute the transaction.
The contract, though not limited to this list, should include the following: *
Legal description of the property * Offer price * Down payment * Financing
arrangements * List of fees and who will pay them * Deposit amount * Inspection
rights and possible repair allowances * Method of conveying the title and who
will handle the closing * Appliances and furnishings that will stay with the
home * Settlement date * Contingencies At this point, you have three options:
accept the contract as is, accept it with changes (a counteroffer), or reject
it. Remember: Once both parties have signed a written offer, the document
becomes legally binding. If you have any questions or concerns, be certain to
address them with your real estate agent right away.
If you have any questions please call, text or email
Kitty Berry
801-550-4640
yourSLChomes@gmail.com
No comments:
Post a Comment