Welcome to the EatonRE.com Blog

2016-01-25 16:43:34
Receiving an Offer on Your Home

When a buyer makes an offer on your home, your real estate agent will contact you promptly. The REALTOR® will scrutinize the document, review it with you carefully, and answer your questions. The written offer lays out all the terms of the proposed transaction–the price the buyer is willing to pay, the financing terms, the contract deadlines–and it becomes a binding contract if you sign it.

The offer may be contingent on the buyer selling a home first or obtaining an inspection. Ask your REALTOR® how these terms affect you and whether the offer is in line with the market. The offer s the property, states who pays for which closing costs, and specifies dates of closing and possession. Along with making the offer, the buyer places some earnest money with the selling brokerage or an escrow agent as a sign of good faith. The earnest money will be kept in an escrow account and applied to the buyer’s down payment or closing costs when the sale closes.

In reviewing the offer, you have three options: accept, reject, or make a counteroffer. A counteroffer is a rejection of a buyer’s offer with a simultaneous offer from you back to the buyer. Carefully review the figures compiled earlier to determine your net proceeds–closing costs may be quite different from earlier calculations. Discuss the possibilities and strategic options with your agent.

Call me, Jimmy Eaton at 801-404-0900 for assistance in understanding this process and your options.

Blog Archive
2016-02-25 09:21:56
Buyers NEED a Connection

2016-01-25 16:45:37
When Your Home is Under Contract to Close

2016-01-25 16:43:34
Receiving an Offer on Your Home

2016-01-25 16:41:14
How to Show Your Home for Sale

2016-01-25 16:37:13
Understanding a Listing Agreement

2016-01-25 16:33:46
Setting the Price of Your Home

2016-01-25 16:30:28
Preparing Your Home to Sell

2016-01-22 10:24:57
The Science of Selling

Comment on this Article

Your Name:
Your Email:
Verify:  Please enter the numbers shown to help eliminate spam.