In reviewing the offer, you have three options: accept, reject, or make a counteroffer. A counteroffer is a rejection of a buyer’s offer with a simultaneous offer from you to the buyer. In making your decision, carefully review the figures compiled earlier to determine your net proceeds. Because the terms and estimated closing costs may be quite different from earlier calculations, you will want to discuss the possibilities me, your realtor. You are also encouraged to seek the advice of an attorney and a tax adviser.
In most residential sales, a seller will deliver a Seller’s Disclosure Notice to a buyer on or before the effective date of a contract to purchase the property. The notice is required by law to be delivered. It provides important information about the seller’s knowledge of the condition of the property. Complete the notice to your best knowledge and belief. As your realtor, I will most likely ask that you complete the notice at the time the listing is first taken. Copies of the completed notice will be made available to the prospects looking at your property.
Once you and the buyer agree on terms and sign the contract, the buyer will generally have to find a lender and apply for a loan. As your realtor, I may monitor the loan process, which could last several weeks. During this time, I will also be busy coordinating other arrangements to prepare for the final sale. I take care of my clients from beginning to the end! Should you have any questions, I would be available and willing to answer them to the best of my ability.