Selling a home in San Diego tips: Accepting an offer

Accepting an offer

Someone has decided your property is just right and makes you an offer. When your REALTOR® conveys the offer to you, you’ll know whether the price the buyer has suggested is fair. It may be less than your asking price. Yet you don’t have to reply immediately if you’re not certain the price and terms are acceptable.

Accepting an Offer to Sell Your House

Consider the current real estate market: Are houses in your neighborhood selling quickly, slowly or not at all? Don’t hesitate to ask your REALTOR® for advice! Don’t assume that one offer will lead quickly to others. One predictable factor in the real estate market is that it’s totally unpredictable.

Negotiation Process – Finding a Compromise

If you and your potential buyer are far apart, you could offer a few concessions such as appliances or a security system, or make some improvements prior to closing.

Understanding the Purchase Agreement (Offer)

The purchase agreement will include:

  • The total price being offered.
  • The amount of the down payment.
  • Financing Terms.
  • The date the closing will take place.
  • Sale contingencies.
  • Personal property possibly included in sale.
  • Required Addendums and Disclosures.

When completing the agreement, provide as much detail as you can about what’s being sold and what’s not. The more fully you spell out the details of the sale, the less room there is for problems later. Your REALTOR&reg is qualified to provide you with the help you need.

Most buyers insist that a provision for cancellation without penalties is included to protect them if they’re unable to get a mortgage, or the home inspection uncovers major problems. They might also ask you to make your sale contingent on the sale of their current home. Delays happen frequently, so expect to do a little waiting before your agreement is finalized.

Call us today to have an experienced Broker – REALTOR® to represent you in the sale of your home.

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