An Offer – Now What?
Decide to Sell
Select An Agent and Price
Prepare to Sell
Accepting an Offer
Escrow Inspection and Appraisals
Buying Your Next Home
The Price Is Not Always Right.
“The higher the price, the better the offer.” Do not let yourself be fooled by this popular misconception. Price is not always the determining factor when accepting an offer for several important reasons: the initial offer is usually not final, and there are a number of terms and conditions that may influence the final outcome of a price. You can trust us to help you thoroughly evaluate every proposal without compromising your marketing position.
Negotiating The Right Way.
We take the ethical responsibility of fairly negotiating contractual terms very seriously. It is our job to find a win-win agreement that is beneficial to all parties involved. You may even have to deal with multiple offers before dealing with the one you judge to be the most suitable for you – and as your REALTORS®, we will guarantee a thorough and objective assessment of each offer to help you make the right choice.
The Accepted Agreement and Deposit.
An accepted agreement is a legal arrangement between a potential purchaser and the property’s seller. Laws vary from province to province, but in order to be a legally, binding agreement, the agreement may require consideration. This consideration (initial and additional deposit) is to be held in the trust account of the selling brokerage pending closing.
Some important tips to keep in mind to streamline the process even further:
- Keep written records of everything.
For the sake of clarity, it will be extremely useful to transcribe all verbal agreements including counter-offers and addendums, and convert them to written agreements to be signed by both parties. We will assist you in drafting all the paperwork for your sale and make sure that you have copies of everything.
- Stick to the schedule.
Now that you have an accepted offer, you and the buyer will be given a timeline to mark every stage in the process of closing the real estate contract. Meeting the requirements on time ensures a smoother flow of negotiations and also ensures that each party involved is not in breach of their agreements. During the process we will keep you constantly updated so you will always be prepared for the next step.
- Conditional Phase.
When the agreement of purchase and sale is accepted and signed by all parties, the conditional phase begins. We will have a pre-determined amount of time for the buyer to fulfill items including home inspection, final approval on financing, getting a quote for home insurance etc.
- Removal of Conditions
Congratulations! You now have a firm and binding agreement for a home. We will supply you with a copy of all your paperwork and make sure all the relevant documents have been sent to the lenders, lawyers, and if required, the relocation company.