Keys Items to Look For When Reviewing an Offer

1. The Price Offered
    
2. Length of the Escrow Period
    
3. Interest rate in Financing terms should be close to prevailing rates
    
4. What is the length of time for loan approval?
    
5. Is the Purchase Contract filled out correctly?
    
6. Who is paying for title insurance and escrow fees?
    
7. What are the time frames on all inspections of the property
    
8. Are there limits of liability on all repair work?
    
9. How do you want to handle the possible repair issues?
    
10. Has the buyer checked the "Appraisal Contingency" box to extend it until the close of escrow?
     
11. When does the buyer want to take possession of the home?  Did they give you time to move out?
     
12. Pest Control Area of the contract (also known as the Termite Report): who is paying for the termite report and the work.  Typically in southern California, the seller would pay but it is a negotiable item.
     
13. Did the buyer ask for a Home Warranty Plan? If so, how much?
     
14. Is the offer contingent upon the sale of the buyer's property? If so,
    is their property in escrow now?
     
15. Did the buyer initial the Arbitration of Disputes & Liquidation Clauses?  If a dispute arose between the buyer and the seller and you both initialed the arbitration clause, then you would first mediate to solve the problem.  Afterwards, you could arbitrate to solve it if it didn't happen in the mediation.  Of course, if there is a problem, your Realtors® will try to solve it first.  They do not give legal or tax advice.
     
16. How many days do you have to decide on this offer? 

We can go over each of the items above in detail when we meet so you understand all aspects of the offer procedure and we can, together tie up any and all lose ends.  We hope that you give The Red Wagon Team an opportunity to earn your business.