Once I deem the offer is acceptable, I will review the proposed contract to make sure it is all in order and includes the necessary components such as deposit amount, down payment, financing, inspection rights and repair allowances, contingencies, settlement date as well as a list of fees and who will pay them. When both parties have agreed to the terms, I shall prepare a final contract.
STEP 8: GET READY TO CLOSE
You have accepted an offer and are now very close to the end of your selling journey. But first, you and the buyer must make a list of what needs to be done before closing. In some cases, your home may need to be formally inspected, surveyed, and appraised. In other cases, major or minor repairs will need to be made before the house can close. I will head up efforts to develop and execute this list, get each action item paid for by the correct party, and make sure everything is in order by the closing date. A few days before the closing date we will call the title company closing the transaction to make sure everything is ready to go. If you have not done so already, you also need to make arrangements to move out of the home so the new buyer can take possession.