An offer to purchase a home is usually made in the form of a written contract prepared by a sales associate representing a buyer. In some cases when a buyer does not have an agent to represent them the buyer may work directly with the listing agent to submit the offer to the seller, this is known as a Dual Agency. The benefits of a Dual Agency, or the listing agent representing both the buyer and seller in a transaction, is that both parties involved have the potential to save time and money by dealing with one agent as opposed to two.
Offers are usually confidential in nature as in no other individual or group other than the listing agent and the seller know the details of the offer that a buyer or buyers’ agent have made.
Offers are also usually time sensitive and often carry strict deadlines which must be met. If an offer is not properly addressed it could cause delays in the process, encourage buyers to rescind their offer, and has the potential to derail the listing altogether.
In most cases it is not necessary but sellers may also wish to consult with their attorney or tax advisor about offer because certain transactions could have adverse tax or legal ramifications.
If the details of the offer meet the sellers needs the offer is then accepted, escrow is then opened immediately after and the process of finalizing the sale begins.
Evaluating An Offer
Sellers have many details to consider before accepting an offer
Here are some of the ways I help sellers navigate the evaluation process before accepting an offer to safeguard their chances that the offer will translate to a sale:
I always present all the facts at my disposal to my clients and I will always offer my educated professional opinion if possible, but the final decision to accept, reject or counter an offer is always the sellers.
Thank you for taking the time to visit my page. Feel free in reaching out with any questions. My contact information is located on the contact page found in the contact tab at the top. I look forward to helping you in any way that I can.
This content last updated on Wednesday, December 7, 2022 10:01 AM from CRMLS.
This content last updated on Wednesday, December 7, 2022 10:00 AM from CLAW.
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