Once you have an accepted contract, you are "under contract", but oftentimes with one or more contingencies. The two most common contingencies are the Inspection contingency and the Loan contingency.

Depending on how the Inspection contingency is negotiated, the Buyer may have a right to hire a qualified Inspector, at his/her expense, and inspect your home. Again depending on the negotiation, s/he may present you with a list of defects that s/he wants you to correct. Sometimes these defects are very small, such as replacing a light switch plate...or they can be very big, such as replacing a roof. This is another time for skilled negotiation, as you are the seller—it's your home, and you control the process. If you do agree to correct some defects, I can help you find the workmen you'll need, and help you manage the repair process as well.

If a Buyer is obtaining a loan (i.e., not paying with 100% cash), there will be a Loan contingency in the contract. It can be structured several different ways, but bottom line if the Buyer can't get his/her loan, the contract is null and void. Obviously this is not something a seller wants, so it is part of my job to stay in contact with the Buyer's loan officer and monitor the loan process.

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

• Why Work with Katie
• About Katie
• Interests

• Atlanta Neighborhoods
• Sell
• Buy
• Invest

• Search and Save
• What's My Home Worth

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