Exciting news! You’ve received an offer for your home. We’re here to analyze every detail in the contract so that you can make an informed decision. Here are some crucial points to consider:
- Offer Price: We understand the price you had in mind for your home. Let’s evaluate the offer price and make sure it’s what you had in mind. We’ll also review the least amount you’re willing to sell your home for and compare it to the offer.
- Closing Date: Typically, in the Baton Rouge area, the closing takes 30-45 days after contract acceptance. However, if the buyer uses a mortgage, 30 days is the minimum required time. Buyers may ask for more time if they have a special loan program or need to sell their own property. However, if the buyer is paying cash, we can generally close the deal faster.
- Closing Cost Credits: If the buyer requests you to pay some of their closing costs, we’ll carefully analyze the offer and make sure you understand the net proceeds after paying for the credits.
- Home Warranty: The buyer may ask for a home warranty, which can cost anywhere from $500 to $1,000. This cost is paid by you at the closing table and comes out of your net proceeds.
- Personal Property: If the buyer asks for personal property to be included in the contract, such as furniture or appliances, we’ll carefully review the details and make sure you understand the implications.
- Contingencies: Any contingencies the buyer has placed on the contract, such as needing to sell their own home before they can close, will be evaluated.
- Additional Addendums: We’ll review the contract for any additional addendums to ensure you understand all the details before making a decision.
Let’s work together to make sure you’re comfortable with the contract and the offer before moving forward with the sale of your home.
Want to review the contract in advance?
Click here to read the Lousisiana Residential Agreement To Buy and Sell
After receiving an offer, we’ll review all the important points mentioned above with you. Then, you can decide whether to accept, counter, or reject the offer. If we decide to counter, please understand that negotiations can vary in duration. Some can take a few hours, while others can take up to a couple of weeks. The quickness of the negotiation process depends on how promptly each party makes their decisions, the capabilities of the Realtors in relaying the information, and everyone’s availability. We advise our clients to exercise patience when it comes to negotiations. We’ll work closely with you and ensure that every step is taken with your best interests in mind.