Benchmark Realty Group

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When an offer is made

1. PRESENTING THE OFFER Presuming that the offer to purchase your home is generated by an agent other than myself I will contact you immediately to arrange a meeting The timing may be inappropriate but it is usually best to meet as soon as possible to consider the contract. Please note that when I call you to arrange for the presentation, I will not be aware of the terms of the offer. However, it will be me who presents the offer to you and we will review an of the terms and conditions at that time.
2. YOUR THREE OPTIONS WILL:
   A. Accept the offer exactly as presented - and your home is SOLD
   B. Make a counter proposal - Propose changes in the offer, i.e. price. personal property. closing or possession dates, etc so that it is acceptable to you.
   C. Reflect the offer
3. DELIVERY OF THE CONTRACT A copy or the finalized contract will be delivered to both buyer and seller by their respective real estate agents All pertinent legal documents can be delivered to your attorney. if you desire.
4. FINALIZING ALL CONDITIONS:
   A. If the contract states that financing will be provided by the lender, it is the buyer's responsibility to make an application for the mortgage loan as soon as possible. The buyer will have a set number of days to procure the loan, as stated in the contract. The lending institution will verify the buyer's credit and work records, determine his ability to meet the monthly obligations. and appraise your home for purpose of loan value when all the information is received, the mortgage loan underwriter will either approve or disapprove the loan.
   B. After the loan is approved the formal closing process will be handled by your attorney He is responsible for bringing the title up-to-date, ordering a new survey, preparing a closing statement, and coordinating the time and place of closing with all parties involved. We will assist your attorney insure a smooth and timely closing
   C. Prior to the time of closing. the buyer is entitled to a physical inspection of your home An appointment will be made through my office and the buyers mayor may not be accompanied by the cooperating real estate agent.
   D. keys will be delivered to the buyer at the closing, or whenever possession of the property has been agreed upon
   E. At closing, al documents finalizing the sale will be signed by all parties and all funds will be dispersed