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When
a buyer decides to buy your home, an offer will be
presented. Greg and The Team will advise you as to
whether or not the prospective buyer is qualified to
purchase your home. After all, there is no reason to
review an offer if the person(s) making it will not be
able to actually buy your home.
Greg and
The Team
will then review the written document, taking care to
note what is required of both parties to execute the
transaction. The contract should protect the best
interests of all parties involved and should be
comprehensive in nature.
Once
you accept the contract, it may be too late to make any
changes. The contract, though not limited to this list,
should include the following:
· A legal description of the property
· The offering price
· The down payment
· Financing arrangements
· A list of fees and who will pay them
· Amount of the deposit
· Inspection rights and possible repair allowances
· The method of conveying the title and who will handle
the closing
· A list of appliances and furnishings which will stay
with the home
· The settlement date
· Any relevant contingencies
Remember
that the legalities of this phase are very important. If
you have any questions or concerns, be certain to
address them with Greg and The Team right away.
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