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
Condo For Sale
Active
2
BED
2
TOTAL BATHS
968
SQFT
The Knolls At N #900-F
12200 Peach Crest Drive 900-F
Germantown, MD 20874
New Listing - a week online
$200,000
Townhouse For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
1,505
SQFT
11234 Oak Leaf Drive 76 #76
Silver Spring, MD 20901
BURNT MILLS TOWNHOUSES Subdivision
$200,000
Commercial For Sale
Active
MONTGOMERY-MD
COUNTY
4 Professional Drive 127 #127
Gaithersburg, MD 20879
MONTGOMERY PROFESSIONAL Subdivision
Price Change - yesterday
$204,900
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
838
SQFT
26911 Clarksburg Road
Damascus, MD 20872
DAMASCUS OUTSIDE Subdivision
New Listing - 3 weeks online
$204,900
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,062
SQFT
Farmingdale Codm #24-301
18131 Chalet Drive 24-301
Germantown, MD 20874
New Listing - 17 hours online
$204,900
Condo For Sale
Active
1
BED
1
TOTAL BATHS
893
SQFT
10401 Grosvenor Place 217 #217
Rockville, MD 20852
GROSVENOR PARK Subdivision
$205,000
Commercial For Sale
Active
MONTGOMERY-MD
COUNTY
Jackson Place So #A-1B
932 Hungerford Drive A-1b
Rockville, MD 20850
New Listing - 2 weeks online
$205,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
767
SQFT
Ashmore @ Germantown #202
19623 Galway Bay Circle 202
Germantown, MD 20874
$208,000
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
Price Change - 2 weeks ago
$209,000
Condo For Sale
Active
2
BED
1
TOTAL BATHS
1,117
SQFT
5225 Pooks Hill Road 210s #210S
Bethesda, MD 20814
THE PROMENADE TOWERS Subdivision
$209,900
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,115
SQFT
Fairways North C #917
3310 N Leisure World Boulevard 917
Silver Spring, MD 20906
$209,900
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
496
SQFT
721 Erie Avenue 5 #5
Takoma Park, MD 20912
TAKOMA PARK/MONTG COUNTY Subdivision
Price Change - 3 weeks ago
$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
New Listing - 2 weeks online
$209,900
Condo For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
895
SQFT
3221 W University Boulevard T-1 #T-1
Kensington, MD 20895
MONTGOMERY CENTURY Subdivision
New Listing - 3 weeks online
$209,999
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,062
SQFT
Farmingdale Codm #15-204
18040 Chalet Drive 15-204
Germantown, MD 20874
$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
$210,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,120
SQFT
15101 Interlachen Drive 1-222 #1-222
Silver Spring, MD 20906
GREENS AT LEISURE WORLD Subdivision
$210,000
Penthouse Unit/Flat/Apartment For Sale
Active
2
BED
1
TOTAL BATHS
1,066
SQFT
23242 Brewers Tavern Way
Clarksburg, MD 20871
HIGHLANDS AT CLARKSBURG Subdivision
New Listing - 2 weeks online
$210,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,053
SQFT
12 Monroe Street 102 #102
Rockville, MD 20850
AMERICANA CENTRE Subdivision
New Listing - 3 weeks online
$210,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,049
SQFT
Farmingdale Codm #15-101
18040 Chalet Drive 15-101
Germantown, MD 20874