REVIEW OFFER | Once you receive an offer (or several) we will discuss every aspect of the offer and determine what is the best option for you. I will also be contacting the buyer's lender to get more information about their approval status.
Many factors will determine the best offer for your situation:
- Price
- Closing Date
- Inspection Contingency
- Home Sale Contingency
- Home Warranty
At this time, we will also formulate a counter-offer if needed.
ERNEST MONEY | When an offer is accepted, generally ernest money is collected. Ernest money is a small amount of money that is held on your behalf by @properties to be credited to the buyers at closing. It is a good faith deposit that shows a level of commitment from your buyers.
INSPECTIONS | Within 5 days of an accepted offer, they buyers will perform a home inspection. During this time, it is best that you are not present. A home inspection can range from 2 - 5 hours depending on the size of the home. Once the inspection is complete, the buyers have the opportunity to request repairs be made. At this time, we will discuss what you are willing to complete and negotiate these items. If you have a well or septic system, you are responsible for these inspections.
FINANCING CONTINGENCY | If your buyer's are getting a mortgage to purchase your property, then there will be a financing contingency in place. This is a date they must officially apply for a loan and have acceptance of said application. From the time the property is under contract till closing day, I will be in communication with the lender to make sure we are progressing towards a smooth closing.
HOME SALE CONTINGENCY | This will not apply to all transactions, but if you accept an offer that has a home sale contingency, it is important that I monitor the progress of the buyers home sale transaction. If something goes wrong with their transaction, it will affect the closing of your home.
APPRAISAL | Your buyer's lender will conduct an appraisal on the property to protect their interest. I will meet the appraiser at the property to justify the contract price to prevent a low appraisal and therefor protecting the transaction from falling apart.
SANITY | Selling a home is a stressful endeavor. Most importantly, I am here to make sure you stay sane. I will be able to explain any part of the process and answer any questions as we proceed through the transaction. I will handle all of the details so you can worry about moving and your day to day life.
