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Accepting an Offer

 

The Price Is Not Always Right.

“The higher the price, the better the offer.”  Do not let this popular misconception fool you. Price is not always the determining factor when accepting an offer for several important reasons. The initial offer is usually not final. There are several terms and conditions that may influence the outcome of a price. You can trust Harb and Co. to help you thoroughly evaluate every proposal without compromising your position.

Accepting an Offer

Negotiating The Right Way.

We take the ethical responsibility of fairly negotiating contractual terms very seriously. We must find a win-win agreement that benefits all parties involved. You may even deal with multiple offers before accepting the one you judge to be the most suitable for you. As your real estate agents, we will provide 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 the agreement may require consideration to be a legally binding agreement. This consideration (initial and additional deposit) is to be held with Escrow pending the completion of conditions or contingencies in the effective agreement.

Accepting an offer is just the first step. There are some essential tips to keep in mind to streamline the process even further:

  • Keep written records of everything.
    For clarity, transcribing all verbal agreements, including counter-offers and addendums, will be beneficial. They will be converted to written agreements to be signed by both parties. We will assist you in drafting all the paperwork for your sale and ensure 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 each step in closing the real estate contract. Meeting the requirements on time ensures a smoother flow of negotiations and that each party involved is not in breach of their agreements. We will keep you updated during the process so you will always be prepared for the next step.