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The Selling Process
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Questions about offers and the escrow process.
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There were 7 questions found in this category:
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 Can I back out after I have accepted an offer?
Generally NO.The purchase agreement is a binding contract and may be enforceable in court if the buyers chooses. The best bet is to talk the the buyer or buyers agent and express the reasons you do not want to complete the sale. In some cases a buyer may be willing to let you out of the contract if ...
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I have received multiple offers, now what?
First of all, Congratulations!!The first thing to do is review each offer side by side and see which seems strongest and most likely to be able to complete the transaction. Purchase price, down payment, escrow period and contingencies should be considered. In the event that they are both comparably ...
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I just received an offer, now what?
When an agent writes an offer from a prospective buyer, he or she will contact you to present it to you either in person or by fax.The offer will typically be prepares on a state approved form. Pay close attention to any boxes that are checked or items that are typed or written in. If a box is ...
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I made a counter offer, can I retract it?
YesOffers and counter offers are just that until accepted by the other party, it then becomes a binding contract between the two parties. If you are not sure of what you want to do with an offer, then DO NOT SIGN the offer. Most offers and counter offers have built in periods for which they are vali...
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I want to counter an offer, how do I do that?
You should have a counter offer form that was supplied with your initial package from Ulistit.com. This form is a one page document and fairly easy to fill out.Section 1 - Terms.This should be where you spell out your request with respect to the offer. Examples of proper wording may be a varient o...
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What about required disclosure forms
Each state has a requirement for certain forms to be completed in a real estate transaction. Most of these forms deal with disclosure (notification) of existing conditions that affect the property. Ulistit.com supplies specific forms applicable to your property and mails them to you after we up...
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What is escrow?
Escrow is simple the process by which title is transferred from you to the buyer. In most states this is performed by an escrow or title company and in some areas attorneys assist. If you are obtaining an offer from an agent he/she will recommend which local company they prefer. Most escrow companie...
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