From Offer to Closing

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From Offer to Closing in Montgomery County Real Estate

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.

What is in an Offer?

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.

Contingencies

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.

Negotiating Advice

You are in a stronger bargaining position in a seller’s market, if:

  • You are an all cash buyer
  • You waive some of the usual contingencies such as a home inspection
  • You don’t have to wait to sell your current home in order to buy
  • You are able to close and take possession at a time that is especially convenient for the seller

In a buyer’s market, you can often ask for help with closing costs (subject to the terms of your loan).

Title and Closing

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.

Search for homes in Montgomery County MD by clicking on the map:

$200,000
Commercial For Sale
Active
MONTGOMERY-MD
COUNTY
4 Professional Drive 127 #127
Gaithersburg, MD 20879
MONTGOMERY PROFESSIONAL Subdivision
Price Change - 3 weeks ago
$200,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,225
SQFT
15101 Interlachen Drive 1-823 #1-823
Silver Spring, MD 20906
GREENS AT LEISURE WORLD Subdivision
New Listing - 3 weeks online
$200,000
Penthouse Unit/Flat/Apartment For Sale
Active
1
BED
1
TOTAL BATHS
748
SQFT
4242 East West Highway 1011 #1011
Chevy Chase, MD 20815
RIVIERA OF CHEVY CHASE Subdivision
Price Change - 3 weeks ago
$204,900
Penthouse Unit/Flat/Apartment For Sale
Active
2
BED
2
TOTAL BATHS
880
SQFT
933 Hillside Lake Terrace 114 #114
Gaithersburg, MD 20878
GAITHERSBURG Subdivision
New Listing - yesterday
$204,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,092
SQFT
Esprit Codm #1
25 Pickering Court 1
Germantown, MD 20874
New Listing - 3 weeks online
$205,000
Condo For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,340
SQFT
15310 Beaverbrook Court 89-3a #89-3A
Silver Spring, MD 20906
ROSSMOOR MUTUAL #19B Subdivision
Price Change - a week ago
$205,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
710
SQFT
4242 East West Highway 901 #901
Chevy Chase, MD 20815
RIVIERA OF CHEVY CHASE Subdivision
New Listing - 2 weeks online
$208,900
Condo For Sale
Active
2
BED
1
TOTAL BATHS
1,007
SQFT
12303 Braxfield Court # 5 ## 5
Rockville, MD 20852
BETHESDA PARK Subdivision
New Listing - 3 weeks online
$209,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
922
SQFT
Longmead Crossin #3CE
16 Normandy Square Court 3ce
Silver Spring, MD 20906
New Listing - 4 weeks online
$209,500
Townhouse For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,018
SQFT
2 Copps Hill Court
Gaithersburg, MD 20886
WALKERS RIDGE-MONTG VILL Subdivision
New Listing - yesterday
$209,500
Condo For Sale
Active
2
BED
1
TOTAL BATHS
993
SQFT
Takoma Overlook Condominium #306
7333 New Hampshire Avenue 306
Takoma Park, MD 20912
New Listing - a week online
$209,900
Condo For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
1,007
SQFT
12311 Braxfield Court 1 #1
North Bethesda, MD 20852
BETHESDA PARK Subdivision
$209,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,115
SQFT
Fairways North C #917
3310 N Leisure World Boulevard 917
Silver Spring, MD 20906
Open House 07/12 at 1PM
Please verify times due to COVID-19
$209,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
496
SQFT
721 Erie Avenue 5 #5
Takoma Park, MD 20912
TAKOMA PARK/MONTG COUNTY Subdivision
$209,900
Townhouse For Sale
Active Under Contract
3
BED
4
TOTAL BATHS
1,320
SQFT
18615 Turmeric Court
Germantown, MD 20874
GERMANTOWN PARK Subdivision
New Listing - 4 weeks online
$209,950
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,053
SQFT
150 Monroe Street 101 #101
Rockville, MD 20850
AMERICANA CENTRE Subdivision
Price Change - 2 weeks ago
$210,000
Condo For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
1,036
SQFT
Washington Tower #1107
9701 Fields Road 1107
Gaithersburg, MD 20878
New Listing - 2 days online
$210,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,244
SQFT
Turnberry Courts #101
3005 S Leisure World Boulevard 101
Silver Spring, MD 20906
Price Change - 4 weeks ago
$210,000
Townhouse For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
960
SQFT
6 Brassie Court
Gaithersburg, MD 20886
THOMAS CHOICE Subdivision
Open House 07/12 at 1PM
Please verify times due to COVID-19
$210,000
Penthouse Unit/Flat/Apartment For Sale
Active
1
BED
1
TOTAL BATHS
430
SQFT
719 Erie Avenue 3 #3
Takoma Park, MD 20912
TAKOMA PARK Subdivision