You Got an Offer, Now What??

It’s official, you’ve received an offer on your home!

Congratulations!

This is such an exciting milestone, but the work isn’t over yet. After accepting an offer, you have several responsibilities as the seller. Here are some of the things you can expect:

• Sign the purchase agreement:

This is a legally binding contract that outlines the terms of the sale, including the purchase price, closing date, and any contingencies.

• Provide disclosures:

You’re legally required to disclose known defects or problems with your home. Things like structural problems, lead paint, and any history of flooding or fires.

• Cooperate with the buyer’s inspection:

The buyer will have a home inspection performed to identify any major repairs or issues with the property. You’re then on the hook for repairs agreed upon by you and the buyer.

• Get your home appraised:

The lender will order an appraisal to determine the value of your home. This is necessary to ensure that the buyer is not borrowing more money than the home is worth.

• Clear the title:

The title company will conduct a title search to ensure that you have clear ownership of the property and that there are no liens or other encumbrances on the title.

• Attend the closing:

This is where you will sign the final paperwork, transfer ownership of the home to the buyer, and receive your check of seller proceeds!

Selling your home is a huge undertaking – but a cinch if you have the right team of professionals. If you need help with your next real estate adventure, I’d love to help. Send me a message or give me a call, and I’ll be in touch.