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5. Receive Offers On The Home
When a
buyer decides to buy your home, an offer will be presented.
Your New Homes Colorado Springs realtor will advise you as to
whether or not the prospective buyer is qualified to purchase
your home. After all, there is no reason to review an offer if
the person(s) making it will not be able to actually buy your
home.
You and your New Homes Colorado Springs realtor will then review
the written document, taking care to note what is required of
both parties to execute the transaction. The contract should
protect the best interests of all parties involved and should be
comprehensive in nature.
Once you accept the contract, it may be too late to make any
changes. The contract, though not limited to this list, should
include the following:
·- A legal description of the property
· - The offering price
· - The down payment
· - Financing arrangements
· - A list of fees and who will pay them
· - Amount of the deposit
· - Inspection rights and possible repair allowances
· - The method of conveying the title and who will handle the
closing
· - A list of appliances and furnishings which will stay with
the home
· - The settlement date
· - Any relevant contingencies
Remember that the legalities of this
phase are very important. If you have any questions
or concerns, be certain to address them with your New Homes
Colorado Springs realtor right away.
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