The Buy / Sell Process


		*Coordinating the*

			Buying / Selling Process



				*Contract includes:*


	THE PURCHASE AND SALE AGREEMENT


	Earnest money receipt


	Financing addendum


	*A legal contract between the buyer and the seller that outlines the agreement between them*


	All other addendums


	Seller's Disclosure form


	Contingency form


	Lead-Base Paint notification


	Closing instructions




		*Items considered in the negotiation phase often include:*


	Market value of the house


	THE NEGOTIATIONS


	Condition of the house

	Financing terms


	*Ever-changing market conditions demand that you obtain the services of a qualified agent, skilled in the art of negotiations*.


	Circumstances surrounding the sale

	Loan preapproval at the time of the offer

	Earnest money

	Once your offer has been presented to the sellers, they will either accept it, counter it or reject it. Oftentimes, sellers accept portions of the agreement but counter other portions. Once the contract is mutually accepted by both buyer and seller, the rest of the purchase process begins.




		*The escrow agent:*


	THE ESCROW PROCESS


	Requests a title report and policy

	Drafts a Deed of Trust and / or other necessary documents


	Arranges to pay off existing loans when necessary


	Adjusts taxes and insurance between buyer and seller


	Computer interest in loans


	Records the appropriate documents


	Disburses the documents and money to each party involved


	Use these arrows to navigate within the Buyer & Seller Sections




			Windermere Real Estate

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