We understand you may have many questions and concerns about selling your Maryland, Washington D.C. or Northern Virginia home. While we live in a very mobile society, most sellers will experience the real estate sells process about 4 to 5 times in a lifetime. With that said, this information will be a refresher for many and brand new to those home sellers marketing their home for the first time. We assure you that it is our goal to provide you with the most professional and informative service available. The Sold By Sisler Team is always just a click or call away (301) 921-2698 when you have questions.
Once a buyer has put an offer on your home, you’re ready to negotiate the contract on the sale of the property. As your expert Realtors, the Sold By Sisler Team will coordinate all activities and update all parties on the process.
The Purchase Agreement is a written document in which the purchaser agrees to buy real estate and the seller agrees to sell under stated terms and conditions. It can also be called a sales contract, earnest money contract or agreement for sale.
Negotiations: Once an offer has been presented, it continues until it has been accepted and agreed to by both parties. It remains in the negotiations stage unless a party rejects the offer or counteroffer outright.
Buyer’s home inspection: The buyer and their agent will typically accompany the home inspector to the inspection. Inspections typically take about two to three hours to be completed.
Termite inspection and report: A licensed professional inspector conducts the structural pest control inspection. The termite inspection and report will indicate any type of wood destroying organisms, subsequent termite damage that may be present, and fungus, which is often called “dry rot”. This results from excessive moisture. The Purchase Agreement will specify who is responsible for the cost of inspections and who is responsible for making any corrections. This is a negotiable item and should be considered carefully.
Negotiation or make necessary repairs following the inspection: If repairs are required, the Sold By Sisler Team and the seller will work together to negotiate repairs noted from the inspections.
Buyer’s walk through: If a buyer’s walk-through is noted in the contract, we will schedule and be present. The property must be in the same condition or better than it was when the agreement to the sale was consummated.
To read about the role of the selling agent during the closing process and all the typical tasks and events during this phase, please click here!