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Taking Offers

 

There are many issues involved when taking an offer. Most importantly is the price but there are several that are just as important.

  • Be sure to list everything that stays, to avoid any confusion. If you plan to take it with you when you leave, be sure to write it into the contract. 
  • Ask the buyers to get a pre-approval letter or pre-qualification letter from the bank. After all, you don't want to tie up your property with a buyer who can't perform.
  • Agree with the buyer how long you will need to fully accept their offer and propose any counter offers. This should be 24 hours or 48-72 if any one of the parties are from out of town.

Give the prospective buyer approximately 3 weeks from the acceptance date of the contract to obtain their financing (in cases such as FHA or VA please allow up to 45 days) and then 1 additional week to close on the property.

 

Get It In Writing

Remember, if there is an issue be sure to write it into the contract and have all parties involved sign the agreement. If you are selling your home on your own, it is a good idea to have an attorney either review the contract for you or have him draw it up.
 

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