{"id":326,"date":"2024-01-09T18:40:57","date_gmt":"2024-01-09T18:40:57","guid":{"rendered":"https:\/\/theweavergrouprealty.com\/?page_id=326"},"modified":"2024-01-09T20:33:32","modified_gmt":"2024-01-09T20:33:32","slug":"the-selling-process","status":"publish","type":"page","link":"https:\/\/theweavergrouprealty.com\/sellers\/the-selling-process\/","title":{"rendered":"The Selling Process"},"content":{"rendered":"\n
Once a buyer decides to purchase your home, an offer will be prepared using an As-Is Contract for Sale and Purchase. We will confirm receipt of the offer and review it with you. It\u2019s important to understand all aspects of the offer including the offer price, the closing date, the financing terms, the inspection period, the distribution of closing costs and any contingencies. Your options will be to accept the offer, decline the offer or make a counter offer. We will then present your offer reply to the selling agent or the buyer. The offer will continue to be negotiated until it is either accepted or folds.<\/p>\n\n\n\n
The buyer will sign off on the disclosures and pay the Earnest Money Deposit (EMD). The buyer will also be asked to provide proof of funds, if paying cash, or a pre-approval letter from their lender if financing the purchase. <\/p>\n\n\n\n
A contingency clause defines a condition or action that must be met for a real estate contract to become binding. A contingency becomes part of a binding sales contract when both parties, the buyer and the seller, agree to the terms and sign the contract. Some of the more common contingencies include:<\/p>\n\n\n\n
If the conditions of the contingency clause are not met, the contract becomes null and void, and one party (most often the buyer) can back out without legal consequences. Conversely, if the conditions are met, the contract is legally enforceable, and a party would be in breach of contract if they decided to back out.<\/p>\n\n\n\n
Once you and the buyer agree to all terms of a contract, the contract will be signed by all parties and we will go under contract. A request for title services will be submitted to the title company or attorney as determined in the contract. The EMD (Earnest Money Deposit) paid by the buyer will be held by the closing agent and applied to the purchase price at the time of closing.<\/p>\n\n\n\n
The buyer will then proceed with submitting the financing application, ordering inspections, ordering the appraisal, survey & elevation certificate. Repairs may be requested. If requested repairs prevent the buyer from obtaining financing or insurance, we suggest you make the repairs or offer concessions to the buyer. These items include safety issues, code violations and 4 point inspection items. A title search will be run to ensure a clear title. The buyer will bind insurance. If and when all contingencies are met, we will move forward to closing.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Offer \u2013 Once a buyer decides to purchase your home, an offer will be prepared using an As-Is Contract for Sale and Purchase. We will confirm receipt of the offer and review it with you. It\u2019s important to understand all aspects of the offer including the offer price, the closing date, the financing terms, […]<\/p>\n","protected":false},"author":1,"featured_media":341,"parent":316,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"acf":[],"meta_box":{"header_overlay_style":"Overlay Dark"},"_links":{"self":[{"href":"https:\/\/theweavergrouprealty.com\/wp-json\/wp\/v2\/pages\/326"}],"collection":[{"href":"https:\/\/theweavergrouprealty.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/theweavergrouprealty.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/theweavergrouprealty.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theweavergrouprealty.com\/wp-json\/wp\/v2\/comments?post=326"}],"version-history":[{"count":2,"href":"https:\/\/theweavergrouprealty.com\/wp-json\/wp\/v2\/pages\/326\/revisions"}],"predecessor-version":[{"id":363,"href":"https:\/\/theweavergrouprealty.com\/wp-json\/wp\/v2\/pages\/326\/revisions\/363"}],"up":[{"embeddable":true,"href":"https:\/\/theweavergrouprealty.com\/wp-json\/wp\/v2\/pages\/316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theweavergrouprealty.com\/wp-json\/wp\/v2\/media\/341"}],"wp:attachment":[{"href":"https:\/\/theweavergrouprealty.com\/wp-json\/wp\/v2\/media?parent=326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}