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 is usually not final, and there are a number of terms and conditions that may influence the final outcome of a price. You can trust our professionals to help you thoroughly evaluate every offer without compromising your marketing position. Furthermore, your real estate professional will ensure that every offer is accompanied by a pre-approval letter from the buyer’s lender. You will only ever be reviewing an offer from a qualified, able to to perform buyer.
Negotiating The Right Way.
We take the ethical responsibility of fairly negotiating contractual terms very seriously. It is our job to contend for your highest and best and to communicate clearly and honestly to all parties. Your agent will review and summarize any and all offers received on your property, presenting these offers to you as they are received. If you were to receive multiple offers your agent will help you by analyzing the components of each offer with you and for you. In this way you will be equipped to wisely choose the offer that serves your best interests.
The Initial Agreement and Deposit.
An effective agreement (contract) is a legal arrangement between a potential purchaser and the property’s seller. Most contracts are accompanied by an earnest money deposit. Once there is a fully negotiated and executed contract, this contract along with the earnest money deposit will go to the title company. This earnest money is held in the closing agent’s escrow account pending the fulfillment of conditions or contingencies in the effective agreement.
Some important tips to keep in mind to streamline the process even further:
Keep written records of everything.
For the sake of clarity, every contractual agreement is to be in writing and signed off on by all parties. Your agent will draft these written agreements and ensure that all parties in fact do understand and agree to the documents as written. Once signatures of all parties are completed, your agent will return to you fully executed copies of all documents. Your agent will also give fully executed contractual documents to all other parties involved in the transaction – i.e. lenders, title company and the buyer’s agent.
Stick to the schedule.
Now that you are under contract, 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 agreements. During the process we will keep you constantly updated so you will always be prepared for the next step.