Verify The Offer Is On A Standard NWMLS Contract To Prevent Deceptive Terms.
Check If “And/Or Assigns” Appears By The Buyer’s Name—It May Signal They’re Not A Direct Buyer And Could Cancel If They Can’t Find A Buyer.
Request Proof Of Funds From The Buyer To Ensure The Buyer Has The Money To Purchase Your Home.
Insist On Earnest Money Deposits (1-2% Of Price), Do Not Accept A Promissory Note.
Keep Inspections To 5 Days Or Less. After Buyer Approves Inspection Earnest Money Should Be Non-Refundable And sent to you.
Set a firm closing date with no auto-extensions. For extensions, demand additional non-refundable Earnest Money Disbursed to you.
Never sign a Novation Agreement – Don’t give the Right to a Real Estate wholesaler to list your property with a realtor. We advise against this and to just list directly with a licensed Realtor if you want your property listed for sale to the general public.
Be aware of predatory contracts – If someone is trying to buy your home via a phone call where they have not seen your property in person. Oftentimes, these companies try to pressure you to sign a contract with them on the phone. This process should be hassle and pressure-free. You should be able to receive a copy of the contract and have time to review it or have a licensed professional review it on your behalf before making a decision.
Before you sign anything, contact us and we will review the contract with you!
Our licensed agent team will review any contract for you at no charge.