Accepting an Offer |
Accept, Don't Accept...What to Do? |
| Someone has decided your property is just
right––and makes you an offer. When your Dawson
Ford Garbee Sales Associate conveys the offer to you, you'll
know whether the price the buyer has suggested is fair. It may
be less than your asking price. Yet you don't have to reply
immediately if you're not certain the price and terms are acceptable. |
| |
|
Consider the current real estate market: Are houses in your
neighborhood selling quickly, slowly or not at all? Don't
assume that one offer will lead quickly to others. One predictable
factor in the real estate market is that it's totally unpredictable. |
| |
| Finding a Compromise |
| |
| If you and your potential buyer are far
apart, you could offer a few concessions such as appliances
or a security system, or make some improvements prior to closing. |
| |
| Drawing Up a Purchase Agreement |
| |
Your purchase agreement will include:
- The total price.
- The amount of the down payment.
- The date the closing will take place.
|
| |
| When completing the agreement, provide
as much detail as you can about what's being sold and what's
not. The more fully you spell out the details of the sale,
the less room there is for problems later. |
| |
| Most buyers insist that a provision
for cancellation without penalties is included to protect
them if they're unable to get a mortgage, or the home inspection
uncovers major problems. They might also ask you to make your
sale contingent on the sale of their current home. Delays
happen frequently, so expect to do a little waiting before
your agreement is finalized. |
| |
| See our Closing
information to understand the closing process. |
