Negotiations Contingencies And Accepting An Offer

Dated: May 24 2021

Views: 294

Negotiations & Accepting an Offer

An offer is NOT valid until it is in writing and signed by the buyer. When you receive an offer, make sure that you understand special clauses or sale contingencies. This gives the buyer the right to walk away with their earnest money if these clauses/contingencies are not met.

Common Sale Contingencies

Inspection Contingency

Most offers will be contingent upon a home inspection. If needed, the buyer (or agent) will ask for you to make repairs and/or credit the buyer for items found in the inspection.

Financing Contingency

Also called a "mortgage contingency", which gives the buyer time to apply for and obtain financing. Buyers also might request you to pay for their mortgage costs.

Appraisal Contingency

It is typical for lenders to want a home appraisal to ensure the home is valued at a minimum, specified amount.

Home Sale Contingency

The purchase of your home is contingent upon the sale of the buyer's home.

Keys to Remember!

If you accept an offer, make sure the buyer submits earnest money to title company ASAP

You can always make a counter offer before signing anything

If you sign it, it then becomes a legally binding contract.. so read everything twice

Any changes made to the contract require a written approval from all parties for the change to be valid

You always have the right to reject any offer without further consideration

Need legal counsel?

The real estate attorneys at Crawford Law LLC negotiate FSBO (For Sale By Owner) transactions, as well as home purchasers who are closing on a property on their own, but want to make sure their legal rights are protected.

FSBO Resources

FREE
  • Get access to free local resources to help you sell your home as well as professhionals to help form start to close!

  • Step-by-step Guide" to sell your home

  • Local market reports with email updates and comparable homes to yours

  • All Necessary Contracts & Disclosures

  • Access to local inspectors, appraisers, title companies, and more local pros

Full-Service Agent

$1.5%/Month
  • We do everything a 3% listing agent does, and a whole lot more.. for a whole lot less.

  • Create an enticing MLS listing with HD Photos, 3D Tours, floor-plans and more content buyers love to see

  • Provide maximum online exposure when posted on national websites like Zillow, Realtor.com, Redfin, Trulia and Facebook

  • Determine a competitive listing price so you get top dollar

  • Screen calls, schedule showings, and negotiate on your behalf

  • Prep contracts & disclosures to be signed digitally or in person for your convenience

  • Sell your home in the agreed upon time 100% guaranteed!

Flat-Fee Services

$295-895
  • Set your price, show your home, and save thousands with these flat-fee selling services!

  • MLS listing also posted on national websites like Zillow, Realtor.com, Redfin, and Trulia

  • Professional Photos, 3D Tours, Drone videos, Floor-plans, and more enticing content options

  • All Contracts & Disclosures

  • A la carte Realtor services to choose from

Blog author image

Tyler Finkler

Every home (and owner) is unique in its own way, but selling a home isn't rocket science! We live in a world where you can access ANYTHING at the tip of your fingers.. even homes for sale. When wo....

Latest Blog Posts

Jan 19 2022 64070 1

In 2022 the Real Estate market is unlike any other market we have seen.  While some are predicting the market will bottom out others are suggesting that this is no peak are are finally catching

Read More

Beaches And Parks In Sebastian And Vero

Sexton Plaza Beach1050 Beachland Blvd, Vero Beach, FL 32963 Located at the end of Beachland Blvd, Sexton Plaza is one of the best places to catch a sunrise in Vero Beach.

Read More

There May Be A Slight Correction In Pricing Real Estate Attorneys And Economists On What Buyers Need

Though housing prices have been rising, mortgage rates remain near historic lows — some 30-year rates are still around 3% and some 15-year rates around 2%, as you can see here — though many

Read More

List Of Charming Old Victorian Walkable Cities

Check the list for the charming old Victorian in a walkable city neighborhood or that expansive, modern suburban home with room to grow. The minimum size for a house to be considered a mansion is 5

Read More