Perhaps the most exciting part of selling your home is getting an offer. When a buyer makes an offer on your home, it will be in the form of a legal contract. A typical contract includes many terms and important information about the transaction.

Some key items to review include:

• The legal description of the property as well as the street address

• The selling price

• Mortgage contingency (whether the sale is subject to the buyer obtaining a mortgage). Do the buyers need to sell and close on their existing home before closing on yours?

• Date of possession or closing date. See if the date the buyer wants to take title is reasonable for you.

• The earnest money (the funds that accompany the contract). Find out how much money is involved and who will hold it.

• Fixtures and personal property. Check the list of items that the buyer expects to remain with the property and be sure it is acceptable.

Your agent will explain exactly what the procedure will be when an offer comes in on your home. They will also explain who will be present and how the negotiations will take place.

At Claremont Realty Group our agents will guide you step- by -step through the entire process and closely follow the transaction through to make certain the final closing of your home is a smooth experience. We want to make sure that each side is clear and agrees to the essential details, rights and obligations of the contract.

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