I'm a first time seeler and just received a good offer through my broker. I'm ready to say "YES!" What's the next chain of events?? Thanks!
2007-02-25 07:25:13 · 3 answers · asked by purelygeneric 1 in Business & Finance ➔ Renting & Real Estate
Next the buyer will sign the purchase and sales agreement, and give the deposit to your Realtor. Once this is done the buyer will have the right to inspect the property and make any request for repairs. You can negotiate any problems and maybe adjust the price. The bank will send an appraiser to make sure the value is there. If the bank appraises it, and approves the loan through final underwriting you will make it to the closing table. Here you will sign some documents and transfer title to the new owners. That should about do it. It is a pretty simple thing.
Where is your Realtor? can they answer this question?
RE Agent,
Remax
2007-02-25 10:46:08 · answer #1 · answered by frankie b 5 · 1⤊ 0⤋
Con-Grad: Now the closing date has to be set. The buyer need to bet approval for a mortgage, and the title company has to complete due diligence (make certain all the laws are followed). Once closing and 3 days go by, You get paid.
2007-02-25 15:36:32 · answer #2 · answered by whatevit 5 · 0⤊ 0⤋
The broker gets a deposit (sometimes called earnest money), and you contact a lawyer to draw up the contract of sale.
2007-02-25 15:29:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋