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, in most cases, usually requires negotiations. There’s a number of terms and conditions that may influence the final outcome of your “take home” price. You can trust our professionals to help you thoroughly evaluate every proposal without compromising your marketing position.
Negotiating The Right Way:
We take the ethical responsibility of fairly negotiating contractual terms very seriously. It’s our job to find a win-win agreement that is beneficial to our clients. You may even have to deal with multiple offers before ratifying the one offer you judge to be the most suitable for you. As your Agent, we will guarantee a thorough and objective assessment of each offer to help you make the right choice.
The Initial Agreement and Deposit:
An executed contract is a legal arrangement between a potential purchaser and the property’s seller. Laws vary from state to state, but in order to be a legally binding agreement, the agreement may require consideration. This consideration (initial and additional deposits) is to be held in the agreed upon agent’s Escrow Account pending the fulfillment of conditions or contingencies in the executed contract.
Some important tips to keep in mind to streamline this process even further:
- Keep written records of everything.
For the sake of clarity, it will be extremely useful to transcribe all verbal agreements including Counter Offers and Addendums, and convert them to written agreements to be signed by both parties. We will assist you in drafting all the needed paperwork for your sale.
- Stick to the schedule.
Now that you have chosen your offer, you and the buyer will be given a timeline to mark every stage in the process of closing the real estate contract. Meeting the requirements on time ensures a smoother flow of negotiations and also ensures that each party involved is not in breach of their agreement. During the process, we will keep you updated so you will always be prepared for the next step.