Saturday, July 31, 2010
SELL YOUR HOME

Step #5—When You Receive an Offer
When a buyer decides to buy your home, an offer will be presented. I 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 I 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. Most sellers focus on the price, but there are other very important elements in any offer. I will explain to you how all the elements impact the bottom line, and we will negotiate with the offerer to get you the best deal possible. Effective negotiation is one of my strengths as a Realtor.

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 me right away.

Step 1 - Analyze Your Needs

Step 2 - Pricing Strategy
Step 3 - Prepare Your Property
Step 4 - Marketing Strategy
Step 5 - When you Receive an Offer
Step 6 - The Post-Contract Process
Step 7 - Closing on Your Home
Step 8 - Post-Close Activity
Katie Black, Realtor
404.731.9813 (direct) • 404.564.5560 (office) • katie@katieblack.com
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