You’re home has been listed, you’ve had multiple showings and a successful open house and now the offers have been submitted to us as your agents.

So now what? 

Before we present those offers for your serious consideration, we are hard at work to fully vet the Buyer’s offer terms.

The first thing we do is to prepare a list of the critical offer terms:

  1. Price
  2. Length of escrow
  3. Deposit or Earnest money amount
  4. Financing terms
  5. Is the buyer asking for closing costs?
  6. Is the buyer relying on any gift funds or down payment assistance?
  7. Appraisal contingency period
  8. Loan contingency period
  9. Inspection contingency period
  10. Natural Hazard Zone Disclosure
  11. Wood pest inspection
  12. Escrow fees and provider
  13. Title fees and provider
  14. Home Warranty
  15. Private transfer taxes
  16. City transfer taxes
  17. Expiration of offer

Obviously, the Seller’s biggest concern is price. And while price is very important, a careful analysis of the terms is critical.

We want to make sure the Seller goes into contract with eyes wide open and reasonable expectations of the Buyer’s ability to perform.