| 10
Steps to Selling Your Home |
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Once
a buyer decides they would like to buy your house, an offer will
be presented. Review the written document taking care to note
what needs to be done by both parties to execute the transaction.
The contract should protect the best interests of all parties
involved and should be comprehensive in nature. Once you accept
the contract, it may be too late to make any changes. The contract,
though not limited to this list, should include the following:
- A
legal description of the property
- The
offering price
- The
down payment
- Financing
arrangements
- A
list of fees and who will pay them
- Amount
of the deposit
- Inspection
rights and possible repair allowances
- The
method of conveying the title and who will handle the closing
- A
list of appliances and furnishings which will stay with the
home
- The
settlement date
- Any
relevant contingencies
Remember
that the legalities of this phase are very important. If you have
any questions or concerns, they need to be addressed right away.
Your
agent can save you time and money by making sure
that the offer is presented to you by a qualified buyer. There
is no reason to review an offer if the person(s) making it will
not be able to actually buy your home. Your agent will also be
available to review the written offer to make sure that it is
written in a proper way and covers the necessary areas.
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