Accepting an Offer
Agent & Price
The Price Is Not Always Right
“The higher the price, the better the offer” is a popular misconception. Don’t be fooled: Price is not always the determining factor when accepting an offer for several important reasons. The initial offer is usually not final, for one. And there are a number of terms and conditions that may influence the final outcome of a transaction such as requests for closing costs to be fully covered or for money toward repairs. You can trust our team to help you thoroughly evaluate every proposal while not compromising your marketing position.
Negotiating The Right Way
We take the ethical responsibility of fairly negotiating contractual terms very seriously. It is our job to find a win-win agreement that is beneficial to all parties involved. You may even be entertaining multiple offers! Before ratifying the one you judge to be the most suitable for you, as your agents, we will guarantee a thorough and objective assessment of each offer to help you make the right choice based on your goals and objectives.
The Initial Agreement and Deposit
Laws vary from state to state, but in order to be a legally, binding agreement, the agreement usually require “consideration”–a legal term for an initial amount of money or “earnest” money to be held in the closing agent’s escrow account pending the fulfillment of conditions or contingencies in the contract and applied against the purchase price of the property.
Some important tips to keep in mind to streamline the process even further:
- Keep written records of everything. Any verbal agreements around counter-offers or addendums should be followed up in written form for both parties to sign. We will assist you in drafting all the paperwork for your sale and make sure that 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 with milestones of every stage in the process of closing the real estate contract. You’ll choose your settlement agent and meet the scheduling requirements on time to ensure a smoother flow of negotiations and also ensure that you’re not in breach of your side of the contract. During the process we will keep you constantly updated so you will always be prepared for the next step
Okay! You have your buyer and your timelines. Find out what’s next in the Escrow, Inspections, and Appraisals page by clicking the icon at the top of this page.