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When you recieve an offer.

When a buyer decides to buy your home, an offer will be presented. Your real estate agent 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.

You and your real estate agent 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 your real estate agent right away.

 

 

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Sandy Mager

CRS, ABR, GRI, PMN, e-PRO

10115 E Bell RD.

Suite 105

Scottsdale AZ 85260

602.577.0500

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Property data is deemed reliable but not guaranteed. The owner of this site does not make any representations about any property mentioned in this site. Reproduction of content or images on this site is strictly forbidden. Media room luxury home photo courtesy of Reese Imaging.


Sandy Mager

CRS, ABR, GRI, PMN, e-PRO

10115 E.Bell RD.

Suite #105

Scottsdale AZ 85260

602.577.0500


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