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Sales Contracts

Conejo Valley Realtor®

What difference can a great Westlake Village real estate agent make? Well, for starters, they can help you find the home of your dreams, and once you’ve found it, they can help you make an offer and negotiate for a fair price. The goal is to come up with a sales contract that both sides can agree to.

If you and your real estate agent have worked together to come up with an offer on a home, in the state of California this will take the form of a formal document that describes the property, offers a certain price, and includes financing terms, the duration of the offer, and more. The seller may reject your offer, or they may accept your terms and sign the document, at which point it becomes a binding contract as soon as you are notified of his or her acceptance. If they make a written counterproposal, changing either the price or some of the terms of your agreement, you can either accept this, reject it, or offer a counterproposal of your own.

When this process is through, hopefully you and the seller are able to come up with terms that are agreeable to both of you. After this final offer is signed, it becomes a sales contract. This document should include a description of the property and street address; the selling price; the amount of “earnest money,” which is a small “good faith” down payment; who holds the earnest money; the amount of down payment; details of the mortgage; contingencies; who will pay which fees, and more. Your real estate agent can help you understand all the specifics of this important document and can review it with you to make sure that your interests are protected.

Before you tell the world – wait!
Until that contract has been signed, it’s best not to talk about the home you are bidding on, no matter how excited you may be. The reality is that if a seller hears about your enthusiasm through a mutual friend or on social media, they could use that information to hold out for a higher price, knowing you are more likely to pay it.

Do you have more questions? Call Lydia Gable Realty Group!

Lydia Gable has been honored with several real estate achievement awards as well as consistently ranking in the top two percent of Realtors® nationwide. A former business executive with more than 15 years of experience in negotiation and problem resolution, Lydia brings her people skills and relentless determination to bear in every real estate transaction, always striving to secure the best terms for her clients. If you are looking for a home in Westlake Village, Agoura Hills, Thousand Oaks, Newbury Park, Oak Park, and surrounding communities, you won’t find a better advocate than Lydia Gable. Call us today!

 

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