In
negotiating the sale of your home, The Bouma Group will inform you of
each offer our office receives for your home, and we will meet with you
in person and in private to review the offer and go over the terms and
any recommended changes or counter-offers.
The major elements of an offer include:
- Legal Names of Buyers and Sellers
- Legal Description of the property
- Price-the
amount the buyer is willing to pay. Depending on the local market
conditions, the buyer's opinion of value and market information
provided by their realtor, the price offered may be different from the
asking price.
- Amount of Deposit-The
deposit shows the buyer's good faith and will be applied against the
purchase of the home when the sale closes. Deposits are usually in the
amount of $1,000 to $5,000.
- List of Terms and Conditions-
which might include items such as obtaining financing, obtaining a
satisfactory building inspection, or subject to selling a buyer's
existing property.
- List of Fixtures and Chattels
that are included and excluded. These might include appliances and
certain fixtures or decorative items, such as window coverings or
mirrors, or appliances such as fridge, stove, etc.
- Closing/Occupancy date-Generally,
the day the title of the property is legally transferred and the
transaction of funds finalized unless otherwise specified
The
offer will be written on a standard contract form. You may make changes
to the offer, ranging from small text changes, different closing or
contingency removal dates, to the purchase price--this constitutes a
Counter Offer. When the Buyer and Seller agree on all terms and have
signed the contract, the agreement is "bottom-lined." At this point, we
will monitor the buyer's progress in meeting all conditions, i.e./
Financing, Inspections, etc.