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Accept an Offer April 23, 2018 - 7:49 AM EST

Call now for a FREE, no obligation consultation. (919) 362-0037

Accept an Offer

When you receive offers, we'll be there to help evaluate and negotiate to your best advantage. Did you know there are thousands of offer parameters besides price at your disposal? Every variable should be considered and negotiated according to your unique situation and objectives, the extensive intelligence your team has compiled on your property and its competition, and the negotiating strategy best suited to your real estate success.

Key Offer Parameters

• Price
• Method of Payment
• Personal Property
• Closing
• Earnest Money Deposit1
• Inspection Contingencies

The Offer

An offer is a legally binding contract that, once you've accepted it, commits you and the buyer to fulfilling all contractual terms and conditions to complete the transaction. Each party to the contract, you and the buyer, will have specific obligations to fulfill and tasks to complete while executing the contract. Offers are most likely to be submitted using the Offer to Purchase and Contract, Standard Form 2-T, jointly approved by the NC Bar Association and the NC Association of Realtors.

Please familiarize yourself with this form and don't hesitate to call a ValuePlus Properties professional with any questions you may have.

General Offer Acceptance Process

1. Buyer or buyer's agent presents the offer to seller or seller’s agent.
2. Review offer with your team and devise negotating strategy.
3. Accept offer as it is or negotiate counter-offer(s), driving to mutual contract acceptance.
4. Make sure all mandatory property disclosures have been officially communicated to the buyer.
5. Have earnest money1 deposited in legal trust account.

1 - You should review The NC Real Estate Commission's Earnest Money Deposits brochure (take note, you'll want to start reading on page 2, not page 1, an artifact of the way this print piece is captured in its Adobe Acrobat file).

Call now for a FREE, no obligation consultation.