Offers

Offers

Usually when an offer is received, the listing agent is notified by telephone, in person or by FAX by the other agent. Contracts may be negotiated in person, over the phone or via FAX. When a contract is received, we will arrange a time to meet (if at all possible) and we'll review the terms, leaving a discussion of the price for last, since this insures that we give consideration to the other terms and conditions.

While this might seem to be common sense, I'll say it anyway:

Read the whole contract before signing, please!

If the property is in more than one name, all owners must sign the purchase agreement. In bad economic times, offers to purchase routinely come in “low” whereas in good economic times, offers are closer to the asking price.

There are four responses that can be made on an offer to purchase:

• Acceptance - Unconditional;  Congratulations, you sold your home.

• Rejection -  Unconditional but unfortunately, your home is still on the market.

• Counter Offer -  when some but not all terms are acceptable, this modifies the contract's terms

• No Action - If no action is taken on a contract on or before the specified time for expiration, it is considered as REJECTED, even though it may contain no signatures.

IMPORTANT NOTE: Whenever ANY change is made on a contract, that contract as originally written no longer exists and the contract as amended is now your “offer to sell” to the Buyer. Once a change is made, no matter how slight, the Buyer has absolutely no obligation or responsibility regarding the original contract.

Negotiating the Offer

When you cease to dream, you cease to live.        Malcolm Forbes