Sallyanne Holmes

sallyanne@homesforsaleco.com

Equity In Action, Working For You!

(719) 660-0622

6120 Tutt Blvd
Colorado Springs, CO 80923
www.homesforsaleco.com

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It is important to note that the preceding and proceeding processes are primarily for the State of Colorado.  Each State behaves differently, consequently the advise and comments on all pages reflect Colorado Law.

Carefully review the offer to purchase submitted by the buyer, with us.   It tells you the price the buyer is willing to pay and under what conditions. This offer is the most important document of the sale. Once you and the buyer sign it, it becomes the contract of sale - legal and binding. Once an offer has been extended, your options are to:

Accept the terms with no changes and sign the offer.

Make a counteroffer to the buyer by making some changes. 

Reject the offer entirely.

Once you've signed an offer, you may accept a backup offer if the new buyer clearly understands the house is under contract.

Accepting An Offer

This might sound funny, but the highest offer is not always the best offer.

Caution: If you reject a full-priced offer, you may owe your agent a full commission even if you don't sell your home.

The Counter Offer

There's a lot to consider before you sign a real estate purchase agreement.

If the terms and conditions of the deal aren't acceptable, you might want to pause and think twice, even if the purchase price is more than satisfactory.

The typical residential real estate purchase contract is complicated, densely written and packed with legal jargon, but don't use that fact as an excuse for not reading the entire contract.

Take your time and read slowly. Ask questions about anything you don't understand. Be flexible and willing to negotiate.

The following five points are among the many items that merit attention: (many of these points are what I look out for in order to protect you during the process)

1. What are the cutoff dates for inspections and approvals of the inspection reports?
2. Who is responsible for making repairs, if any, as a result of the inspections?
3. Are you, the seller making any representations or warranties regarding the condition of the property? 
4. Will a home warranty plan be purchased?

5. When is escrow scheduled to close? Pay attention to this date!
   
   The Price
   

   • Decide on a price.
   • Don't be concerned if the offer is your asking price.
   • If the price is less than you wanted, look at the contract as a whole.
   • Be ready to split the difference if you and the buyer come within about $1,000 of each other.

   
   
   Earnest Money

   An earnest money deposit will be held by a third party until an agreement is reached between you and the buyer.
   
   
   Title and Deed

   As part of the contract process, we must prove to the buyer that you have a clear title on the house -- that you own the property, and there are no legal claims against it. Through a title search, proof is provided in the following ways:

   Your closing Title company will search the title through the owner's policy of title insurance.
   The abstract of title is a condensed history of a title to a property and a certification by the abstractor that the history is complete and accurate.
   The certificate of title is reviewed by your Title Company who searches the title and issues an opinion that the title is clear.
   In some parts of the country, the Torrens system is used as a means of registering property. At closing, the duplicate Torrens certificate of title is turned over to the buyer.

   
   

   Property Deed

   Be prepared to convey the property with a deed -- a legal document that transfers the title (or ownership rights) of the property to the new owner.

   Conditions

   We will review the contract for the special conditions under which the buyer is offering to buy your house.
   
   Provisions

   We read the fine print in your contract to understand the provisions (or ground rules) of who pays for what in the context of the sale.

   Sale Specifics

   Double-check the list of everything you intend to sell that is included in the contract and make sure it is accurate.
   

   Contact me TODAY!
   Let me show you the secrets of putting your house on the market.   Let me show you how I represent your current home in today's market, and attract qualified buyers. 
   

   Sallyanne Holmes - GRI A Licensed REALTOR ®  in the State of Colorado Merit Co Inc 6120 Tutt Blvd Colorado Springs, CO 80923 Cell:  (719) 660-0622 Business: (719) 596-7800 Fax:  (719) 596-1784 Email:  Sallyanne@homesforsaleco.com

   
   

 
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