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SALE AND PURCHASE OF PROPERTY
Seller may list the property for sale by owner or choose the assistance of a
realtor. If a realtor is used, the realtor will take care of getting the property put into
the local real estate listing books, online sites, etc. The realtor will also
SHOWINGS. The property will be shown to potential buyers on one or more
occasions. An "open house" is a time usually on Sundays from 2:00 P.M. - 4:00
P.M. At the showings the potential Buyers assess the property so the Seller must
"prepare" the property to allow Potential Buyers to see themselves living in the
house.
PURCHASE AGREEMENT. The first step in purchase a property is to make an
"offer." An offer is usually made on the property through a Contract for Purchase
and Sale (referred to as the contract). After negotiations have resulted in an
agreed upon purchase price and all contract requirements, the Buyer and Seller
begin to fulfill their respective requirements under the contract.
PURCHASE. Once the Buyer and the Seller have fulfilled their respective contract
requirements, the purchase will be finalized in a closing at a title company. The
closing is where the Seller formally turns over the property to the Buyer by
handing over the keys (and garage door openers) and signing the deed to the
property. Complete information about closings are located on the closing page.
The decision to have a realtor assist you in the sale or purchase of a home is a
choice both Sellers and Buyers must make. A Realtor has very different roles
when representing a Buyer versus representing a Seller.
REALTOR FOR SELLER REALTOR FOR BUYER
Seller may list the property for sale by owner or choose the assistance of a
realtor. If a realtor is used, the realtor will take care of getting the property put into
the local real estate listing books, online sites, etc. The realtor will also
SHOWINGS. The property will be shown to potential buyers on one or more
occasions. An "open house" is a time usually on Sundays from 2:00 P.M. - 4:00
P.M. At the showings the potential Buyers assess the property so the Seller must
"prepare" the property to allow Potential Buyers to see themselves living in the
house.
PURCHASE AGREEMENT. The first step in purchase a property is to make an
"offer." An offer is usually made on the property through a Contract for Purchase
and Sale (referred to as the contract). After negotiations have resulted in an
agreed upon purchase price and all contract requirements, the Buyer and Seller
begin to fulfill their respective requirements under the contract.
PURCHASE. Once the Buyer and the Seller have fulfilled their respective contract
requirements, the purchase will be finalized in a closing at a title company. The
closing is where the Seller formally turns over the property to the Buyer by
handing over the keys (and garage door openers) and signing the deed to the
property. Complete information about closings are located on the closing page.
- REALTOR
The decision to have a realtor assist you in the sale or purchase of a home is a
choice both Sellers and Buyers must make. A Realtor has very different roles
when representing a Buyer versus representing a Seller.
REALTOR FOR SELLER REALTOR FOR BUYER
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