Step
7- Find the Vendor You Need
Once you have accepted an offer to
sell your home, your real estate agent will inform you of all
the procedures involved in order to proceed successfully to closing,
as well as the parties responsible for completing those procedures
and estimates of completion. For instance, the property may need
to be formally appraised, surveyed, inspected or repaired. Depending
on the specifics reached during the negotiations, you may pay
for all, some, or none of these items.
Your agent will then coordinate with
all the parties and keep you informed as to the results of the
various procedures. If each procedure returns acceptable results
as defined by the contract, then the sale may continue. If there
are problems with the property the terms set forth in the contract
will dictate your next step. Depending on the contract, you or
the buyer may decide to walk away, open a new round of negotiations,
or close. Your agent will advise you throughout this process and
will help you coordinate any actions you must take to keep the
sale moving forward.
There are some sales that go smoothly
and some that require a lot of work to get to the closing table.
Until you get into it, you won't know which one you have on your
hands. Either way, your agent will be there with you every step
of the way. |
