A Sales Contract represents the ultimate legal agreement between a seller and buyer. It is fairly complex due to the fact that there are so many aspects that must be considered in order for a contract to be legally binding. This is traditionally used to outline the terms in which the buyer promises to purchase the property. Once the contract has been accepted by both the seller and the buyer, it becomes a legally binding document.
A standard contract will contain a variety of standard terms as well as the provisions specific to a particular country, state, or region in the United States. The contract is usually modified from time to time to encompass the specific economic or political conditions of the time the contract was negotiated.
As a seller, you are free to customise your contract to reflect your terms, leaving some of the standard conditions of the standard contract and adding your specific provisions. In order to enforce the contract, it is imperative that the buyer clearly understands the terms and conditions of the agreement prior to signing the document. If necessary, standard clauses in the contract should be written into the agreement to protect the buyer from any unexpected modifications.
If you are represent a buyer and would like to have an extra clause added to the contract, you should contact a lawyer for the exact procedure.
Once you have made the decision to sell your house and negotiate directly with a buyer, it is important to have the appropriate Realtor assisting you. Your real estate agent is helpful for many reasons, but one of the most valuable is that they can negotiate your contract and sell your house direct to the buyer. If you would like to sell your house yourself, rather than through a Realtor, you may have difficulty finding someone to negotiate your contract. Because real estate agents make their living from commissions earned from completing sales, they are bound to help you in your endeavors.
Selling your house through a Realtor is generally the easiest way to get your asking price. Because they have a dedicated staff of buyers’ agents ready to take on your property and connect you with potential buyers, you can expect your property to be shown to more potential buyers and get a quicker sale.
If you are willing to use a real estate agent, they can also help you and your buyer find a good mortgage lender, appraiser, inspection companies, and moving companies, among other services.
Your Realtor can often have strong negotiation skills, and will be able to get you the highest proceed in the fair market value of your property. If you and/or your buyer are ready to purchase, the Realtor can help you:
– predators earn finder’s fee (usually about 3% of your sale price) if they can track and identify a prospective buyer who is
-able to purchase your house in a short time frame.-ensure every aspect of the process is completed smoothly and quickly.
This is the biggest contract you’ll ever enter into, make sure you have a Realtor as part of your listing team. They are there to assist and protect you throughout the sale, and have a fiduciary obligations to act in your best interest. For the next three days, when your house is listed for sale, your Realtor will work to get as many buyers looking at your house as possible.