| Once you
have accepted an offer to sell your home, your real estate
agent will inform you of all the procedures involved in order
to proceed successfully to closing, as well as the parties
responsible for completing those procedures and estimates
of completion. For instance, the property may need to be formally
appraised, surveyed, inspected or repaired. Depending on the
specifics reached during the negotiations, you may pay for
all, some, or none of these items.
Your agent
will then coordinate with all the parties and keep you informed
as to the results of the various procedures. If each procedure
returns acceptable results as defined by the contract, then
the sale may continue. If there are problems with the property
the terms set forth in the contract will dictate your next
step. Depending on the contract, you or the buyer may decide
to walk away, open a new round of negotiations, or close.
Your agent will advise you throughout this process and will
help you coordinate any actions you must take to keep the
sale moving forward.
There
are some sales that go smoothly and some that require a lot
of work to get to the closing table. Until you get into it,
you won't know which one you have on your hands. Either way,
your agent will be there with you every step of the way.
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