If the seller agrees to the original offer or a later counteroffer exactly as it is made and signs the document, the offer has been accepted and a contract is formed. Your agent must advise you of the seller’s acceptance and obtain the approval of the parties’ attorneys if the contract calls for it. She […]
What amount should I offer for the home I am interested in? Your agent will give you this answer by running a report called CMA (Competitive Market Analysis). A CMA is an estimate of a home’s value based on recently sold, similar properties in the immediate area. The analysis considers the location, age, size, construction, […]
In order to understand how the offers are made we must understand first what it means exactly. An offer is a promise (this usually is something financial/monetary) made by the buyer, requesting something in exchange (this is usually the property/estate) for that promise. The offer is made with the purpose that the seller will be conjugated to the terms […]