It is much more common these days that offers are being reviewed electronically. We will explain how to use our simple electronic signing platform known as docusign. At this point we will review the offer and determine the best course of action. If it is a reasonable offer we will either accept or negotiate further for the most favourable results for you.
Multiple Offers
The ideal situation for us is to have more than one offer registered on your property at the same time. When this happens, we will give them a deadline by which they have to send their offer. (As an example, offers being presented at 7pm and must be submitted by 5pm). With multiple offers, there is usually less need for negotiation as one or more of the offers will be suitable to the Sellers.
Conditional Period
In most cases, an offer on your home will be conditional on financing & home inspection for a certain period of time (typically 5 business days following acceptance, and can include other conditions at times). During this period, your property is sold conditionally. The Buyer has 5 business days in which to ensure they qualify for a mortgage on the house, as well as conduct a professional home inspection to see if there are any major concerns that need to be addressed. Once the Buyer agrees to remove these conditions, the house will be sold “Firm” and that is when the “Sold” sign will be placed on the front lawn.
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