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
12104 Heritage Park Circle
Silver Spring, MD 20906
HERITAGE PARK Subdivision
$200,000
Condo For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,455
SQFT
Normandie Lake 1 #6
9924 Walker House Road 6
Montgomery Village, MD 20886
Price Change - 2 weeks ago
$200,000
Condo For Sale
Active
1
BED
2
TOTAL BATHS
877
SQFT
11801 Rockville Pike 306 #306
Rockville, MD 20852
THE FORUM Subdivision
Open House Sun, Jan 24, 2 PM UTC
Please verify times due to COVID-19
$203,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
893
SQFT
10500 Rockville Pike 214 #214
Rockville, MD 20852
GROSVENOR PARK Subdivision
$205,000
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
708
SQFT
The Elizabeth Condomimnium #1205
4601 N Park Avenue 1205
Chevy Chase, MD 20815
$205,000
Commercial For Sale
Active Under Contract
MONTGOMERY-MD
COUNTY
Jackson Place So #1B
932 Hungerford Drive 1b
Rockville, MD 20850
New Listing - a week online
$205,000
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
Price Change - a week ago
$205,000
Condo For Sale
Active
2
BED
1
TOTAL BATHS
1,104
SQFT
None Available #911
10201 Grosvenor Place 911
Rockville, MD 20852
Open House Sun, Jan 24, 10 AM UTC
Please verify times due to COVID-19
$205,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,115
SQFT
Leisure World 2 #3-1008
15115 Interlachen Drive 3-1008
Silver Spring, MD 20906
$208,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
818
SQFT
10201 Grosvenor Place 1219 #1219
Rockville, MD 20852
GROSVENOR PARK Subdivision
New Listing - 2 days online
$209,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
818
SQFT
10201 Grosvenor Place 712 #712
Rockville, MD 20852
GROSVENOR PARK Subdivision
New Listing - 2 weeks online
$209,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
979
SQFT
Seneca Knolls Co #2-211
13107 Briarcliff Terrace 2-211
Germantown, MD 20874
New Listing - 2 weeks online
$209,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,195
SQFT
Fairways North C #124
3310 N Leisure World Boulevard 124
Silver Spring, MD 20906
$209,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
731
SQFT
10320 Westlake Drive E201 #E201
Bethesda, MD 20817
WEST SPRING Subdivision
Price Change - 2 weeks ago
$209,600
Condo For Sale
Active
2
BED
1
TOTAL BATHS
798
SQFT
Hilltop Codm #9
7736 Maple Avenue 9
Takoma Park, MD 20912
New Listing - a week online
$209,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,115
SQFT
Greens At Leisur #3-201
15115 Interlachen Drive 3-201
Silver Spring, MD 20906
$210,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,115
SQFT
Fairways North C #6-107
3310 N Leisure World Boulevard 6-107
Silver Spring, MD 20906
New Listing - 2 weeks online
$210,000
Condo For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,415
SQFT
15400 Bassett Lane 46-3a #46-3A
Silver Spring, MD 20906
LEISURE WORLD Subdivision
$210,000
Condo For Sale
Active
1
TOTAL BATHS
454
SQFT
Willoughby Of Ch #2002N
5500 Friendship Boulevard 2002n
Chevy Chase, MD 20815
New Listing - 2 weeks online
$210,000
Condo For Sale
Active
2
BED
1
TOTAL BATHS
895
SQFT
3209 W University Boulevard
Kensington, MD 20895
MONTGOMERY CENTURY Subdivision