When you receive a written offer on your home, there are several parts of the offer that need to be deciphered. Besides the offer price, there are downpayment, contingencies and terms to consider. Your REALTOR® can help you decide what are the ideal dates and terms and if it is a good offer to accept or if it’s necessary to counter the offer or reject it.
Here’s a preview of this video:
[0:18] Downpayment, Contingencies & Terms
[0:48] Downpayment- how much money is buyer putting down
[1:23] Contingencies- home inspection, financing and /or home sale contingency
[2:37] Terms of the offer- fixtures included in the sale and closing date
For more great info about the offer process when selling your home, be sure to check out my video on HOW TO GET MULTIPLE OFFERS ON YOUR HOME