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Once
you have accepted an offer to sell your home,
your real estate agent will inform you of all
the procedures involved in order to proceed successfully
to closing, as well as the parties responsible
for completing those procedures and estimates
of completion. For instance, the property may
need to be formally appraised, surveyed, inspected
or repaired. Depending on the specifics reached
during the negotiations, you may pay for all,
some, or none of these items.
Your
agent will then coordinate with all the parties
and keep you informed as to the results of the
various procedures. If each procedure returns
acceptable results as defined by the contract,
then the sale may continue. If there are problems
with the property the terms set forth in the
contract will dictate your next step. Depending
on the contract, you or the buyer may decide
to walk away, open a new round of negotiations,
or close. Your agent will advise you throughout
this process and will help you coordinate any
actions you must take to keep the sale moving
forward.
There
are some sales that go smoothly and some that
require a lot of work to get to the closing table.
Until you get into it, you won't know which one
you have on your hands. Either way, your agent
will be there with you every step of the way. |
