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Accepting an Offer

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 proposal without compromising your marketing position.

Negotiating The Right Way.

We take the ethical responsibility of fairly negotiating contractual terms very seriously. It is our job to find a win-win agreement that is beneficial to all parties involved. You may even have to deal with multiple offers before ratifying the one you judge to be the most suitable for you – and as your agents, we will guarantee a thorough and objective assessment of each offer to help you make the right choice.

The Initial Agreement and Deposit.

An effective agreement is a legal arrangement between a potential purchaser and the property’s seller. Laws vary from state to state, but in order to be a legally, binding agreement, the agreement may require consideration. This consideration (initial and additional deposit) is to be 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, it will be extremely useful to transcribe all verbal agreements including counter-offers and addendums, and convert them to written agreements to be signed by both parties. We will assist you in drafting all the paperwork for your sale and make sure that you have copies of everything.
  • Stick to the schedule.
    Now that you have chosen your offer, 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.

What to expect when you sell your house…

  1. Schedule an appointment with the Karen Kull Team to determine your Wants and Needs.
  2. Meet with the Karen Kull Team to discuss Marketing Trends and Pricing of your house.
  3. Seller to review and sign the Listing paperwork.
  4. We will schedule an appointment with our Professional Photographer.
  5. Seller to provide a key to the house. A Lockbox will be placed on the house and a Sign will be installed in the front yard.
  6. House is now ACTIVE in the MLS. Showings can start immediately.
  7. We will put our Marketing Plan into Action.
  8. Seller will receive an offer. We will guide you in evaluating and negotiating all offers.
  9. Buyer will order a Home Inspection. Any repair requests will be discussed/negotiated with the Home Seller.
  10. The Lender will order an appraisal and will give a Clear to Close once the Buyer has met all financing conditions.
  11. Closing Day! Buyers will do a walk through of the house just prior to closing.