- SELLING RESOURCES -
Accept an offer
RESOURCES FOR:
- ACCEPTING AN OFFER -
Deciding to accept an offer can be challenging. You might wonder if a better offer is just around the corner. Here’s how to navigate this process effectively.
SET CLEAR CONDITIONS
Before you receive any offers, it’s crucial to establish your desired conditions for the sale. This helps you evaluate offers more objectively.
FIRST OFFER INSIGHTS
Conventional wisdom suggests that the first offer is often the best. Additionally, a lower-priced offer with fewer contingencies may be preferable to a higher offer with more conditions.
COUNTER-OFFERS
If an offer doesn’t meet your expectations, you can reject it or counter-offer. A counter-offer allows you to negotiate the terms until you reach an agreement or decide to move on.
ADDITIONAL RESOURCES
ACCEPTING THE OFFER
With YELLOW, accepting an offer is straightforward. Simply click "Accept," and the offer will be digitally signed by both parties. Once this happens, you are officially under contract.
Take a moment to celebrate!
PRE-CLOSING PERIOD
Don’t get too excited yet! The pre-closing period is crucial and involves significant steps for both the buyer and seller.
Lender and Title Company Involvement: Your contract is sent to the lender and title company, where they will work on the mortgage, title paperwork, inspections, appraisals, and anything else built into your purchase agreement.
Potential Issues: Problems can arise during this time. Be prepared for possible renegotiations concerning price, repairs, or changes to the closing date.
For more information on what to expect during this period, check out the PRE-CLOSING page in the next section.
