Accepting an Offer
The Price Is Not Always Right
The highest price is not always the determining factor when accepting an offer. 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 our professionals to help you navigate proposals to accept the best offer - from the best buyer!
Negotiating To Win
We take the ethical responsibility of fairly negotiating contracts. We put our clients first when evaluating each offer to help you make the right choice while keeping the buyer engaged.
The Initial Agreement and Deposit
Once you and the buyer have come to an agreement, you will both sign the initial contract, or Purchase Agreement, and the buyer will place a deposit in the escrow account. An escrow, or closing agent, is either a title company or attorney who acts as the neutral third party that holds, receives, and distributes all funds associated with selling your property until the closing date.
Laws vary across states, but in order for an agreement to be legally binding, the agreement may require considerations. Considerations are deposits from the buyer held in the escrow account pending the fulfillment of contingencies or conditions in the Purchase Agreement.
Some important tips to keep in mind to streamline the process even further:
- Keep written records of everything. Counter-offers, verbal agreements, and addendums should all be recorded. Make sure both parties sign these written documents. We will help draft all written records and provide copies for both parties to keep.
- Stay on schedule. You and the buyer will be given a timeline to complete all contingencies laid out in the Purchase Agreement. Meeting the requirements on time ensures a smooth, more productive negotiation period. Staying on schedule will not only make the process less stressful, but it will guarantee neither party is in breach of their contract agreements. We will keep you updated throughout the process and prepare you for each step.
When you are ready to get started, call us at 203.939.7002 or complete this short form and one of our agents will be in touch.