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Accepting An Offer >Offers and Counter Offers
Many of the offers real agents submit for prospective buyers aren't exactly what the sellers want. The price may be lower than they are asking or there might be terms included in the offer that will require negotiation. What happens after the offer is submitted?
The seller's real estate agent will present the offer to the sellers, along with the buyer's qualifications. If the sellers accept the offer, then a purchase agreement is written and signed by both parties. If the sellers counter the offer, the next action is initiated by the buyers when they make a response, either accepting the counter offer or countering it with yet another figure. If you want to buy a particular house, your chances of succeeding are greater if your initial offer is as close to the asking price as possible. You could save money by engaging in lengthy negotiations, but you run the risk of losing the home if a more attractive offer comes in from another buyer.
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| Q |
To what process do the terms closing, escrow, settlement and passing papers refer?
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| A |
These terms, which vary in different parts of the country, describe the conclusion of a real estate sale. |
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Anne Cain
Keller Williams Realty
115 Crescent Commons Drive
Cary, NC 27518
919-303-3588
Fax: 919-459-6811
annecain@annecain.com
Since 1982, Anne Cain has been helping people move to, from, and around the Wake County area. The experience gained while working with buyers and sellers during these years will give you a smooth relocation from start to finish in the time frame you are looking for. Anne's clients value the extraordinary service she gives.Call or email her today!
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