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You
and your real estate agent
will then review the written
document, taking care to
note what is required of
both parties to execute
the transaction. The contract
should protect the best
interests of all parties
involved and should be comprehensive
in nature.
Once
you accept the contract,
it may be too late to make
any changes. The contract,
though not limited to this
list, should include the
following:
· A legal description of
the property
· The offering price
· The down payment
· Financing arrangements
· A list of fees and who
will pay them
· Amount of the deposit
· Inspection rights and
possible repair allowances
· The method of conveying
the title and who will handle
the closing
· A list of appliances and
furnishings which will stay
with the home
· The settlement date
· Any relevant contingencies
Remember
that the legalities of this
phase are very important.
If you have any questions
or concerns, be certain
to address them with your
real estate agent right
away.
Step
6 Negotiating to Sell |
