#5  RECEIVING AN OFFER

10 Steps to Selling Your House
 Needs Analysis
 Pricing Strategy
 Property Preparation
 Marketing Strategy
 Receiving an Offer
 Negotiating to Sell
 Sell
 Pre-close Preparation
 Closing
 Post-Closing

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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.

Connie Johnson's team 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. They 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.


The Southwest Multiple Listing Service has not verified the information contained on this website and is only providing information supplied by the Seller, subject to errors and omissions. The service does not assume responsibility for accuracy of such information. Purchasers should always personally verify all information. Information Deemed Reliable But Not Guaranteed. - Albuquerque Metropolitan Board of REALTORS® Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Any use of the data or search facilities on this site is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing.

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