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:

Short Sale
$399,000
Townhouse For Sale
Pending
4
BEDS
4
TOTAL BATHS
1,728
SQFT
1015 Mondrian Terrace
Silver Spring, MD 20904
Colesville Village Subdivision
Short Sale
$399,900
Single Family Home For Sale
Pending
4
BEDS
4
TOTAL BATHS
1,942
SQFT
20912 Brooke Knolls Road
Gaithersburg, MD 20882
Laytonsville Outside Subdivision
$998,000
Condo For Sale
Active
4.1
ACRES
MONTGOMERY
COUNTY
13165 Violettes Lock Road
Germantown, MD 20874
 
$349,900
Condo For Sale
Active
1
BED
1
TOTAL BATH
730
SQFT
Maplewood Park Place #1105
9707 Old Georgetown Rd 1105
Bethesda, MD 20814
$375,000
Condo For Sale
Active Under Contract
25.62
ACRES
MONTGOMERY
COUNTY
22811 Club Hollow Road
Poolesville, MD 20837
Poolesville Outside Subdivision
$389,900
Condo For Sale
Active
1
BED
1
TOTAL BATH
880
SQFT
Maplewood Park Place #2522
9707 Old Georgetown Rd 2522
Bethesda, MD 20814
$309,000
Condo For Sale
Active
1
BED
1
TOTAL BATH
890
SQFT
Maplewood Park Place #1417
9707 Old Georgetown Rd 1417
Bethesda, MD 20814
$850,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,600
SQFT
Maplewood Park Place #1209
9707 Old Georgetown Rd 1209
Bethesda, MD 20814