Montgomery County area Realtors have standard purchase offer agreements, disclosure forms and closing processes. We will put together a written, legally binding offer that reflects the price as well as terms and conditions that are right for you. The Myers Team will guide you through the offer, counteroffer, negotiating and closing processes. We will help you understand the disclosures, the financing terms, the title and closing.
The purchase offer becomes a binding sales contract when it is ratified – agreed to by both parties. Earnest money is offered as a deposit. The second phase of the offer is to complete the contingencies on the sale. Typically these include financing, appraisal, home inspection, radon and termite tests and review of HOA and/or condo documents.
If your offer is contingent upon (or subject to) a certain event, you are saying that you will only go through with the purchase if that event occurs. These are negotiable to some extent when buying a Montgomery County home. Often contingencies or the terms of the offer become an important consideration to the seller when evaluating multiple offers.
You are in a stronger bargaining position in a seller’s market, if:
In a buyer’s market, you can often ask for help with closing costs (subject to the terms of your loan).
Title companies will ensure that you have clear title to the home and the deed is recorded properly. Law firms specializing in Montgomery County real estate transactions will make sure the documents are all handled properly. The Myers Team can refer you to excellent firms for your Montgomery County home purchase.
The Myers Team can help you with all the ins and outs of buying a home in Montgomery County, call Bob Myers today at 301-910-9910.
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