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that you have an offer you can make a decision on whether
to accept, refuse or make a counteroffer. Making counteroffers
is very common in real estate transactions. If you get
an offer and the price is right for you but the closing
date is too far out or too near, you can counteroffer
with a closing date that suits you. If the offer amount
is low, you can counteroffer with an amount nearer the
list price. Once the buyer or you as the seller agree
on terms and accept the counteroffer, you have sold your
home. Congratulations!
The next step for you is to complete and sign the purchase
and sales agreement. The buyer will also complete and
send it to attorney for review, which normally takes
approximately 3 days. Do remember that during attorney
review the buyer and seller can pull out of the deal
with no penalty. Once the deal is signed, it is much
more difficult for either party to pull out without
being penalized.
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