ACCEPT AN OFFER
The Price Isn’t Always Right. “The higher the price, the better the offer.” Don’t let yourself be fooled by this popular misconception. Price isn’t always the determining factor in choosing among multiple offers because the initial offer is never final, and there are other terms and conditions that may influence the final outcome of a price. You can trust me to help you thoroughly evaluate every offer without compromising your negotiating position.
Negotiating the Right Way. I take the ethical responsibility of fairly negotiating the sale price and contractual terms very seriously. It’s my job to find an agreement that’s beneficial to all parties involved and meets your desired home sale goals. You may have to deal with several counter offers and/or multiple offers before accepting the terms you judge to be the most suitable for you. As your agent, I will provide a thorough and objective assessment of these offers to help you make the right choice.
Escrow: The Initial Agreement and Deposit. An escrow is a legal arrangement whereby an asset (such as a home buyer’s initial deposit) is delivered to a third party (an escrow holder) to be held in trust pending the fulfillment of conditions or contingencies in a contract. As part of an accepted offer, the home seller and buyer will agree on the good faith deposit amount (usually 1 to 3 % of the sales price) and will set up an escrow account. This reflects the buyer’s intention to purchase your property and ensures that no funds or property will change hands until all instructions in the transaction are followed.
Some Important Tips. Keep these tips in mind to streamline the process even further:
- Keep written records of everything. For the sake of clarity, all agreements from counter-offers to subsequent addendums will be written agreements to be signed by both parties. It is best that no verbal agreements be made between the sellers and buyers so that misunderstanding can be avoided.
Stick to the schedule. As part of the accepted offer, you and the buyer will have a timetable to mark each stage in the process of closing the real estate transaction. Meeting the time requirements ensures a smoother flow of the escrow process. During the process, my team will keep you updated so you’ll always be prepared for the next step.