So you have an offer. It's been negotiated, agreed to by all parties, and ratified.
Whoa! Not so fast.
Getting the property under contract is the first big step, but it's far from sold.
Now the work begins. There are general home inspections, radon, septic, termite, etc. There is still more... title exam, survey, review of condo and HOA documents. There is loan approval, appraisal, lender requirements, and many others. Each one has a time and date to move forward and sometimes you have to stop!
Have you heard of buyer's remorse?
When that buyer can not make up their mind, it may be called analysis paralysis. They are always wondering if they made the right decision. They then look for ways out of the contract. They have their attorney review and then have another attorney review that attorney. They put in clauses that allow them to get out for any reason.
Make sure your agent understands the contract and the extras that might be added. And with multiple offers- choosing the right one is not always about price. Make sure that you consider each buyer each agent, and all terms.
Watch those dates!
Selling is going from contract to closing.
It is not sold until it is sold!
Questions about real estate, questions about selling your home?
Call Margaret Rome