Accepting
an Offer

The Price Is Not Always Right.

“The higher the price, the better the offer.” Do not let yourself be fooled by this popular misconception. Price is not always the determining factor when accepting an offer for several important reasons: the initial offer is usually not final, and there are a number of terms and conditions that may influence the final outcome of a price. You can trust our professionals to help you thoroughly evaluate every proposal without compromising your marketing position.

Loan Approval and Appraisal.

We suggest that you accept buyers who have a lender’s pre-approval letter, which is a better guarantee of loan approval than a pre-qualification letter. In addition, it is advisable to request a verification of the buyer’s available funds to close escrow prior to acceptance of the offer. Expect an appraiser from the lender’s company to review your property and verify that the sales price is appropriate.

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 have to deal with multiple offers before ratifying the one you judge to be the most suitable for you – and as your agents, we will guarantee a thorough and objective assessment of each offer to help you make the right choice.

The Initial Agreement and Deposit.

An effective agreement is a legal arrangement between a potential purchaser and the property’s seller. In order to be a legally, binding agreement, a deposit must accompany the offer. This consideration (initial and additional deposit) is to be held in the escrow company’s account pending the fulfillment of conditions or contingencies in the effective agreement.

Some important tips to keep in mind to streamline the process even further:

• Be clear about  how much time you will want to pack and move. This will dictate the shortest escrow period you would be willing to consider.
• What appliances are you willing to include in the purchase price?
• Would you consider selling your property furnished?
• Would there be any benefit to owner financing?

Time is of the Essence.

Once you have an accepted offer, your Realtor and escrow company will provide you with a timeline that marks every stage in the process of closing the real estate transaction. Your Realtor is the hub of the transaction and will keep you apprised of all pending deadlines and contractual obligations. Meeting the requirements on time ensures a smoother flow of the transaction and also ensures that each party involved is not in breach of their agreements. During the process we will keep you constantly updated so you will always be prepared for the next step.